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UK property market 'lacks rental statistics'

25th September 2012 | back to article listings BACK    print this article PRINT

There is a lack of statistics relating to rental properties in the UK property market, a leading expert has warned.

The country's senior statistician, Jil Matheson, said the absence of an official private rental index covering the whole of the UK represents a "key gap" in analysis of the property market.

She also believes that more could be done to link up official data from a wide range of bodies so that rental trends in the buy to let market can be more easily identified.

The Valuation Office Agency (VOA) publishes private rental figures every quarter but these cover England only and a problem with non-official figures is that they are often not sufficiently broken down, the national statistician argues.

She suggested that a monthly UK-wide index could be created by combining the VOA figures with data from sources in Scotland, Wales and Northern Ireland.

Rental prices have increased significantly over the past year as would-be homebuyers have struggled to get on the property ladder.

Copyright Press Association 2012

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