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Graham Awards


Another record rent rise fuelled by shortage of stock

The cost of a newly let home rose 9.8 per cent over the last 12 months to £1,125 pcm, marking the fastest level of growth since 2013.  

That’s according to lettings agency Hamptons. 

This record increase means that just over half of all rental growth recorded during the last five years - 18.2 per cent - across Great Britain has come within the last 12 months.


Regionally, rental growth continues to be led by the South West of England where rents rose 13.9 per cent over the last 12 months.  

This was closely followed by London at 12.3 per cent. and then the three Northern regions at 9.4 per cent.  

This is the first time since the onset of Covid that London has been in the top three regions for rental growth in the country and this is due to the bounce back in Inner London rents.

Strong rental growth continues to be underpinned by the lack of homes coming onto the market.  

There are 30 per cent fewer properties available to rent this April than last, while the fall from pre-Covid levels comes in at almost two-thirds.  

The North West (down a staggering 76 per cent) has recorded the largest falls in rental stock anywhere in the country, with few signs of more homes coming on to the market.

April -22

April -21

YoY Change £

Greater London




   Inner London




   Outer London




East of England




South East




South West




















Great Britain




Great Britain (Exc. London)




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    This has all come as a massive surprise!

    …said no one at all.

    (Except the govt and the charities, of course, who STILL wilfully refuse to see the blindingly obvious).

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    But we have 10% inflation, so in real terms this is not an increase

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    The Governments ` Levelling Up` seems to be working rather well in the North West 78% Fall in rental stock .
    A 66% Reduction in Rental Property Stock from since Covid levels.

    This disaster is entirely the Fault of a Conservative Government. Listening to Lobbying Groups instead of talking to actual Private Landlords , and Normal Tenants.

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    The loony solution will be to ban rent increases instead of fixing the housing shortage by incentives for landlords along with building more houses.

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    And let us not forget that this huge drop in stock and increase in rent has occurred whilst we still have S21 and the min EPC is E !!! Can you imagine the PRS landscape with no S21 and the min EPC being C 🤔. This government are in for a spanking.


    But it won't be this government, it'll be the next government who ever they may be

  • icon

    I think given Labour, this government will be the next government 🤔.


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