Scottish private sector rents have risen at a rate in line with inflation over the last nine years, according to a new analysis.
The data from letting agents DJ Alexander shows rents increased by 40.7% between January 2015 and February 2024.
Over the past 10 years, the cost of rent has significantly outpaced wage growth, leaving many tenants struggling to afford their homes, research reveals.
Zero Deposit has analysed rent prices and average salaries in England between 2014 and 2023.
Renting costs in the UK continue to grow with average rents jumping by 9.2% in the year to March – the steepest annual rise since data collection began in 2015.
The figures from the Office for National Statistics (ONS) follow previous rent rises
For the first time since 2017, tenants in Britain are paying the equivalent of an extra month’s rent annually due to soaring energy bills.
The research from Hamptons also reveals that the average annual energy bill for a rental property now sits …
Tenants are experiencing some relief as the rate of rent rises slows down significantly, new data from Barclays reveals.
The bank says that renters spent just 1.8% more on rent last month than in March last year.
Universal Credit claimants face a severe shortage of affordable rental properties, with a recent rise in housing benefit failing to keep pace with soaring rents.
While Local Housing Allowance (LHA) will increase for the first time in four years from t…
Single renters are feeling the pinch of rising rents more than ever with the percentage of people choosing to live alone dropping by 8% over the past three years.
The research from deposit alternative provider, Reposit, reveals the big shift in living …
The average UK rent has climbed by 46% in the past decade thanks to surging tenant demand and limited rented home supply, research reveals.
According to Zero Deposit, it is the lack of available rental properties that is a key driver of this surge.
A rent cap is needed in Wales to help essential workers struggling to find affordable housing, Generation Rent says.
It warns that a one-bedroom flat in Cardiff accounts for 48% of a teaching assistant’s salary.
The campaign group says this highl…
The cost of renting in the UK has hit a new high as average rents across the UK rose by 9% in the 12 months to February – the highest rise recorded by the Office for National Statistics (ONS).
The trend of rising rents is consistent across the UK
Landlords in the UK are facing a variety of challenges, with a new survey revealing worries about inflation, the cost-of-living crisis, and a potential property market downturn, a survey has found.
The research from property finance broker Finbri
London’s tenants are seeing rent prices fall with three firms highlighting the trend – and how landlords are responding.
Estate agent Chestertons reports a significant increase of 125% in landlords lowering their asking rents, with some are…
Tenants are facing mounting difficulties in paying their rent as the economic situation worsens, research reveals.
The data from Reposit, the FCA-regulated deposit alternative, found a worrying increase in the value of rent arrears claims.
They jumped …
A political party has hit back at claims made by the Scottish Association of Landlords which said that 22,000 homes have disappeared from Scotland’s private rented sector (PRS).
The Scottish Greens says the landlords are offering ‘misleadin…
One million private renters who depend on Universal Credit are unable to cover their rent with the housing benefit they receive, the National Residential Landlords Association (NRLA) reveals.
It has analysed government data and found that two-thirds of…
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