Rents have been shooting up in Bristol, and are now above pre-pandemic prices. New figures from the Valuation Office Agency reveal that on average, a property in Bristol cost £1,125 a month to rent in the year to March 2022.
That’s up from £1,026 a month in the year to March 2021, and from £1,000 a month in the year leading up to March 2020, the start of the pandemic. That’s a 9.6% increase year-on-year, and a 12.5% increase from before the pandemic.
The figures are published twice a year, and are based on a sample of around half a million private rents recorded nationally. Because they use a limited - although large - sample, the VOA caution against reading too much into trends over time.
