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Rental market heats up in February as rents and demand rise

Last month, landlords saw an increase in rents and demand for rental properties across England, according to Goodlord’s latest Rental Index.
It says the average rent of a property in February was 7% higher than in February 2023

Rents could soar by up to 41% by 2030, new study warns

Renters in England could see rents rising by up to 41% per month by 2030, a new study reveals.
Zero Deposit analysed historic rental market data from the Office for National Statistics (ONS) to forecast what the average cost of renting could look like.

Cap rents for key workers, says campaign group

Key workers in London are struggling to afford the high rents in the city and a rent cap is needed, says one campaign group.
A report from Generation Rent highlights how much key workers are struggling as it calls for all metro mayors – including Londo…

Rent price growth slows down – but rents will still beat inflation in 2024

The annual increase in rents for new lettings in Great Britain dropped to 8.3% in January, the lowest level since December 2022, research reveals.
According to a report by Hamptons, rent price growth has lost momentum since August 2023

UK rents reached a record high in January

Private rents in the UK reached record highs in January with the average rent paid by tenants rising by 6.2%.
That’s according to the latest report from the Office for National Statistics (ONS) and its rental index reveals this is the joint-highe…

Tenants see rents hit record highs in 2023 – ONS

Tenants in the UK are feeling the pinch as private rent prices reached record highs in the year to December 2023, the Office for National Statistics (ONS) reveals.
The ONS reports that rents rose by 6.2% last year

Rents fall slightly in December to offer tenants ‘a minor win’

The UK’s rents for new tenancies dipped by 0.9% in December 2023, reaching £1,268 which is still 8.01% more than the same month in 2022, the HomeLet rental index reveals.
The average rent, excluding London, was £1,061, a 0.5% decline from Novembe…

Landlords see rents soar and voids drop in 2023, index reveals

Landlords in England saw rents rocket by nearly 9% last year, and several rent records were broken in the summer, one leading rent index reveals.
According to Goodlord, rents rose by 8.8% to an average of £1,182 –

Rents to increase by 4% in the UK over the next year

Rents are expected to rise by almost 4% in the next year as the supply of homes to rent dwindles, the latest RICS UK Residential survey reveals.
RICS also reveals that tenant demand is still increasing – but at a slower pace than before.

UK rent growth slows after hitting price peak

The UK’s rent price growth is cooling down after reaching its highest point in three years with one prediction that rises will drop from 9.7% to 5% in 2024 – the lowest since September 2021.
The prediction comes from Zoopla

Renters face affordability crisis despite LHA boost

Low-income renters in England will struggle to afford their homes even after the government’s recent benefit boost, a campaign group has warned.
Generation Rent said that the increase in Local Housing Allowance (LHA) announced by Jeremy Hunt in t…

Brits paid out £85.6bn in rent during 2023

Renters in Great Britain will pay a staggering £85.6bn in rent this year – that’s more than double the amount paid in 2010 and £8bn more than last year.
The report from Hamptons also shows that rents on new tenancies increased by 10.2% year…

Zoopla boss blames record migration for UK rent crisis

The UK is facing a rent crisis as record net migration has increased the demand for rental accommodation, according to the boss of Zoopla, one of the UK’s leading property websites.
Richard Donnell, the executive director of Zoopla

Tenant bidding wars lead to them paying £1,200 more

A survey has revealed that four in 10 households renting privately (39%) that moved within the last year are paying an average of £1,200 a year above the advertised rate for their property.
The findings from the New Economics Foundation (NEF) highlight…

Landlords increase rent to cope with higher mortgage costs

The majority of buy to let landlords in the UK have increased rent in the past year, mainly to cover higher mortgage costs, a new survey reveals.
The findings from Landbay, which polled 1,000 landlords, revealed that 76% of them have raised rent over t…

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