Saturday, October 17, 2015
Real world ZIRP for renters
Today has seen the publication of new figures for rents in the UK private-sector and they provide an example of Â“And the beat goes onÂ”. Indeed as I will discuss they provide quite a counterpoint to the UK inflation figures which only on Tuesday told us that the headline CPI rate of inflation was -0.1% ... Rental inflation surges again. The latest numbers from Your Move and Reed Rains tell a very different story. Average rents now stand at a new record of Â£816 per month, after rising by 1.6% between August and September. So we immediately get a very different story to that presented in the official inflation data as those who pay rent presumably have steam coming out of their ears. This issue is exacerbated even further if we look at the annual numbers.