ARLA Propertymark Exhibition

VOA RENT OFFICERS

Stand: B9
Valuation Office Agency
10 South Colonnade
Canary Wharf
London
E14 4PU
UK

If you have any questions, please get in contact with us.

Contact Person: NSO Helpdesk
Phone: 03000 502502

In touch with the private rented sector

VOA Rent Officers speak to thousands of letting agents and landlords in the course of day-to-day work for their statutory functions. The lettings information is collected from a wide variety of sources, from an individual landlord with a single property to a large investment landlord, or small local letting agent / management company, to a large national group or franchise, and everything in between. It is provided on a purely goodwill basis and contributes to a database of around half a million achieved market rents.

This forms the basis for all statutory rent officer valuations for housing benefit and fair rent casework, Local Housing Allowance (LHA) rates, the Office for National Statistics (ONS) official Private Rental Market Statistics (PRMS), and supports national inflation indices (RPI, CPI, CPIH) and the ONS rental price index (the Index of Private Housing Rental Prices, IPHRP).

Working with the Office for National Statistics

Official Private Rental Market Statistics (PRMS)

The ONS have now taken over the production of the official PRMS, previously published by the VOA. The latest PRMS publication in December 2019 is the first improvement to the presentation of the data online with further development in due course. The statistics are based on over half a million private sector achieved rents for the 12 month period to the end of September 2019. The statistics are broken down by a number of bedroom categories (from individual room lettings to 4 or more bedroom rented properties) for each Local Authority in England.

The quartiles and medians are now shown on interactive line graphs, and there is a new interactive map of England displaying median rent levels for each Local Authority and bedroom category.

Please get involved - tell us what you think about these improvements or what you would like to see in future and help influence further development.

You can find the latest publication on the ONS website: Private Rental Market Summary Statistics in England: October 2018 to September 2019

Previous publications can still be found on GOV.UK: https://www.gov.uk/government/collections/private-rental-market-statistics

Index of Private Housing Rental Prices (IPHRP)

VOA rental data for England also contributes to the ONS rental index IPHRP, which measures the change in the price tenants pay when renting residential property in the private sector. This allows comparison between the current month and the same month in the previous year. The index includes all private rental properties not just new lettings.

The latest index and previous releases can be found on the ONS website: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/previousReleases

Private rental market plays key part in new headline measure of inflation from March 2017

The Consumer Price Index Housing (CPIH) became the preferred measure of consumer price inflation from March 2017. It differs from the CPI as it includes the cost of owning, maintaining and living in one’s home. This element is known as the owner-occupiers’ housing cost (OOH). OOH is calculated using private rental statistical data from the VOA. Weighted, it accounts for around 20% of the measure.

Find out more about the CPIH on GOV.UK: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/cpihcompendium/2016-10-13

Come & talk to us today

Official statistics support research, policy making and even commercial use under the Open Government Licence. We are delighted to have a stand again this year at ARLA Propertymark Conference 2020. Please take the opportunity to visit us on stand B9 today to talk to one of our team and learn more about this important collaboration.

Alternatively visit our website www.voa.gov.uk, or call us on 03000 502502


Located in: Exhibitors 2020