Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, if she will make an estimate of the average increase in rent for private properties in High Peak constituency in the last 12 months; and what assessment she has made of the affordability of rent increases for people on average earnings in High Peak constituency.

The Government has made clear that we intend to use the Renters’ Rights Bill to provide tenants with greater protections against unreasonable within-tenancy rent increases.

The Office for National Statistics (ONS) publishes data on the average increase in rent. Private rents across the UK increased by 8.6% in the 12 months to June 2024 (provisional estimate), down from 8.7% in the 12 months to May 2024. The average monthly private rent in High Peak was £850 in June 2024. This was an increase from £780 in June 2023, a 8.9% rise.

The Government appreciates that housing costs are likely a households highest monthly expense. In 2022-23, housing costs took an average of 37% of private tenants’ income, in comparison to 32% for social renters and 18% for owner occupiers.