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FAQs

1. Why did you decide to create a rental index?

Entering the private rental market we saw an opportunity for Move with Us to provide a rental index for England, Scotland and Wales which analyses average advertised rental prices across regions and postcodes in Britain. We worked with home.co.uk and found that the market lacked an index that was taken from a nationwide sample and that the majority of existing indices were either one offs or had ceased to be published.

With this in mind, we decided to launch the Move with Us Rental Index to provide a national and regional indicator snapshot of rental asking prices for each month, with further analysis every quarter.

Our analysis uses data from over 150,000 private and agent listings each week supplied by Home.co.uk. Working closely with Dr Philippe Bracke, a researcher at the London School of Economics, we have developed an innovative sampling method that provides a credible and accurate snapshot of the British rental market.

2. When will the rental index launch?

The rental index will be launched on 19 October.

3. How often will the rental index be published?

The index will be analysed each month, and a monthly fact sheet showing a snapshot of information will be sent to journalists on the third Thursday of every month. At the end of each financial quarter, a quarterly report with more in depth analysis will be produced and released on the third Thursday of each month. 

4. What day of the month can we expect to receive the rental index?

The third Thursday of each month.

5. It’s a crowded marketplace – what makes the Move with Us Rental Index different to others?

The Move with Us rental index offers a much larger sample size to any other index currently in the market and the advanced methodology we use ensures that a true representation of the British rental market is provided. Our analysis uses data from over 150,000 private and agent rental listings each week supplied by Home.co.uk, covering the period July 2011 to October 2012 and gives us 7.8 million data points to analyse.

Working closely with Professor Philippe Bracke, a researcher for the London School of Economics, we developed an innovative sampling method which provides us with a uniquely representative snapshot of the British rental market.

6. How is the index calculated?

We take a weekly snapshot of over 150,000 properties advertised on major portals for rent across eleven regions in the UK. Through this we are able to base our analysis on upwards of 7.8 million data points annually.

We break this population down into different property types recording both the number and average advertised rent for each of these. Next we weight these rental values for each region and type using official surveys from the English, Welsh and Scottish governments. We then run our index against a base date of 4 July, 2011.

7. How many properties are in the index?

We take a weekly snapshot of over 150,000 properties advertised on major portals for rent across eleven regions in the UK. Through this we are able to base our analysis on upwards of 7.8 million data points annually. 

8. What regions does it cover?

The Move with Us Rental Index covers the entirety of Britain, excluding Northern Ireland. The data is broken down into eleven regions and these include Greater London, South West, South East, East Anglia, East Midlands, West Midlands, Yorkshire & Humber, North West, North East, Scotland and Wales.

9. Where do you get your data from?

To construct the index, we use the adverised rents found in the Home.co.uk Property Search Index.

10. How far does the data go back?

The data is available from 4 July 2011.

11. Is the advertised rental price a true reflection of the market? 

We believe so as it provides a true representation of the residential rental market. Other indices in the market report on the price achieved on closed data sets, and do not include properties that are not currently rented out. Our analysis reflects current market conditions.

12. Why are you doing this in conjunction with London School of Economics (LSE)? What do they get out of it?

We are not doing it in conjunction with LSE. We are working with Philippe Bracke an Economist at the Spatial Economics Research Centre (SERC) of the LSE who’s current research focuses on the dynamics of house prices and rents.

Philippe completed his PhD in Economics at the LSE. Before joining the LSE, he worked at the Statistics Department of the European Central Bank (ECB) for one year. In 2009 he was a visiting scholar at the Wisconsin Business School in Madison, Wisconsin, and in summer 2010 he worked at the International Monetary Fund in Washington, DC.

13. How can I get a copy of the rental index?

If you would like to be added to our mailing list please email marketing@movewithus.co.uk and we will send you a copy each month. Alternatively you can click here to view the rental index electronically each month.

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