VOA RENT OFFICERS
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Unlocking the power of data to better understand private rents
Find out just how the rental data thousands of agents share with VOA Rent Officers not only feeds into Government benefits that help sustain PRS tenancies, but is being used by the Office for National Statistics to develop new rental statistics which will provide:
- a monthly publication covering the UK, Wales, Scotland, Northern Ireland, the English regions, and local authorities;
- an index of private rental price growth over time;
- annual percentage change in price over time;
- the average private rental price over time; and
- a breakdown of private rental price by geography and bedroom category (studio, one bedroom, two bedrooms, three bedrooms, and four or more bedrooms)
Private rents are an increasingly important component of the UK housing market.
There is an increasing need for policy makers, landlords and tenants to better understand the sector, particularly at a more local level where there can often be significant differences in how the rental market is performing.
A Private Rental Prices Development Plan was published by ONS in January 2021, with a formal consultation period and further updates containing new methodology due soon.
Share your thoughts with us on Stand B9 today.
