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Propertymark Comments on ONS House Price Index

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Nathan Emerson, CEO of Propertymark, comments on the UK Office of National Statistics’ latest Price Index of Private Rents (PIPR) report for May 2024 which addresses private rent inflation for new and existing tenancies.

As many people continue to grapple with what has been a very challenging few years financially, the pressure remains for some renters. Ultimately there are a few reasons why rents continue to rise.

However, what we are seeing is many landlords who strive to provide high-quality accommodation currently being squeezed out of the sector due to aspects like elevated interest rates and proposed changes to background legislation. Therefore, we need to see a much greater focus on ensuring the supply of homes meets current demand levels.”

Nathan Emerson

Nathan Emerson is the CEO of Propertymark, the UK's leading membership body for the residential property sector with over 17,800 members who display the Propertymark Protected logo. A member of NAEA Propertymark, ARLA Propertymark, and NAEA Commercial, Nathan has significant experience in agency and has also worked as a consultant with a variety of clients.

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  • Nathan Emerson

    Nathan Emerson is the CEO of Propertymark, the UK's leading membership body for the residential property sector with over 17,800 members who display the Propertymark Protected logo. A member of NAEA Propertymark, ARLA Propertymark, and NAEA Commercial, Nathan has significant experience in agency and has also worked as a consultant with a variety of clients.

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