The cost of private home rental in our region grew by the fastest rate ever in the twelve months up to June, Bristol Live can reveal. Prices were 4.1 percent higher in June of 2022 than in June of 2021 – the largest year-on-year increase since comparative records began in 2006.
Taking the twelve months to July 2022, private rental prices had risen by 4 percent – the third largest rise of any UK region. Only the East and the East Midlands saw faster increases, of 4.1 and 4.3 percent respectively.
The record-breaking hike in home rental came at the same time that workers across Britain saw their regular pay fall by 3 percent, according to separate figures from the Office for National Statistics (ONS).
