Private landlords in the UK benefitted from an additional 7.4% in monthly rental income this year. That’s the findings from the government’s Office of National Statistics, which records the average UK monthly private rent at £1,335. The increase, of 7.4% was a fall from the previous year, which saw rents increase by 7.7% between April 2023 and April 2024.

It means the typical monthly rental in England now costs £1,390. In Wales it’s £999 and in Scotland, £795.

When it comes to geographical location, the biggest increase in private rents was in the North East (a jump of 9.4%), the lowest was in Yorkshire and The Humber at 4%.

Property prices rise by over 6%

But it wasn’t just rental income that saw a rise in the government’s latest statistics. Homeowners also saw the value of their property go up. That’s because the typical UK house rose in value by 6.4% to £271,000, in the 12 months to March 2025. The rise was highest in England, at 6.7%, bringing the average property there to around £296,000. In Wales, the value of property rose by 3.6% to £208,000 and in Scotland, house prices jumped 4.6% to £186,000.

But it’s not all plain sailing for the property market, according to analysts. They point to a jump in inflation to 3.5% in April, which could have a detrimental effect to people’s finances and hit the property market hard. That’s because it means mortgage rates won’t fall as earlier predicted, but will remain so until inflation is under control.

Former RICS boss warns of a slowdown in property market

Former RICS chairman Jeremy Leaf said: “At first glance, the ONS figures demonstrate market resilience with activity shrugging off recent economic uncertainties at home and abroad. However, on the ground we are seeing a different story.”

That story is that buyers and sellers are holding off to see what the economy will do over the next few months, meaning the property market is expected to slow down over summer.