What do you think of private rental market statistics?

By Gary Trent, PRS Stakeholder Lead, Valuation Office Agency.

Statistics on the Private Rented Sector (PRS) can be an invaluable resource.  They give a real insight into sector trends and the wider market beyond our own experience. However, it’s not often there’s the chance to influence their development. however, an online survey running until the 20 April does just that.

The Valuation Office Agency (VOA) is running a user engagement exercise on the future design of our Private Rental Market Statistics (PRMS) for England.  We’d like to know what you currently use the PRMS for, and what changes are most important to you. If you’ve not seen the current PRMS then a good place to start is the PRM maps published on Gov.uk. They show median rent levels for studios, 1, 2, 3 and 4+ bedroomed properties by local authority area. A Statistical Summary  explains how we produce them, and what their current limitations are.

The PRMS are based on the rents from around 500,000 new, renewal and statutory periodic tenancies in England. All this rental information is provided on a voluntary, goodwill basis by thousands of letting agents, management companies and landlords; it’s like pulling together the pieces of a giant jigsaw puzzle. We’re always keen to hear from anyone who would like to contribute rental information – every single piece of information we receive enriches the data we use to produce the PRMS.

The survey is open until 20 April 2016; you can view it here https://www.smartsurvey.co.uk/s/NJZG6/. Get involved and let us know what improvements would make the biggest difference to you. Once the results are in, we’ll publish a high level summary of them on our Statistics webpage later in the year.

You can also find out more about VOA Rent Officers and the Valuation Office Agency on the VOA website.

 

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