Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.

ONS Reports UK Rents Rise as House Price Growth Slows

Average private rents across the UK increased by 3.3% to £1,388 per month in the year to June, according to the Office for National Statistics (ONS). Over the same period, house price growth in England slowed sharply.

The ONS data also shows that the annual increase in rent was unchanged from May. In England, tenants paid an average of £1,446 per month, representing a 3.4% rise.

These figures highlight ongoing trends in the UK property market, with rental prices continuing to rise while house price growth slows. This information is particularly relevant for letting agents and inventory clerks monitoring market changes and advising clients.