Residential Rents in England rise 9.3% Year-on-Year to November 2024

19 Dec 2024 CW Team

The average rent for residential properties in England rose at its fastest annual pace on record. The data also indicated an increase in house prices.

The Office for National Statistics (ONS) reported that private sector rents in England increased by 9.3 per cent, reaching an average of 1,362 pounds in the 12 months leading up to November. This marked the largest rise in records dating back to 2015.

The increase in rents was primarily driven by an 11.6 per cent jump in London. Nationwide, rents across the United Kingdom were 9.1 per cent higher than the previous year.

Additionally, British house prices saw a 3.4 per cent increase on an annual basis in October, which was faster than the downwardly revised 2.8 per cent rise observed in September, as reported by the ONS.

Other recent housing market indicators also revealed the fastest annual increase in house prices in two years. The rise in rents was attributed to the growing demand for homes, which far outpaces the available supply. This is an issue the new Labour government aims to address by accelerating planning approvals for new property construction.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..