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Rents soar by up to 41% in five years

Bristol is the most expensive city to rent a property in England with tenants paying 41% more than they did in 2018, a study reveals.
The research from Zero Deposit looked at how rents have changed across the country in the past five years.

Despite rising costs, landlords see portfolio income rise by 8.7% – in London it’s a whopping 32.9%

Landlords in England and Wales have earned more from their rental properties in the past year, a study reveals.
According to letting agents Benham and Reeves, landlords have seen their portfolio rental income increase by 8.7% in the past year.

45% of tenants are struggling to pay rent – ONS

An Office for National Statistics (ONS) survey has revealed that 45% of renters and homeowners say they are struggling to pay their rent or mortgage. 
It also found that 52% are not having problems paying and 2% didn’t know.

Stick that in your pipe Shelter!

Despite what Shelter and tenant activist groups say, only a small minority (4%) of renters are evicted or asked to leave by their landlord.
The English Housing Survey Private Rented Sector report for 2021-2022 reveals the majority of renters (77%) ende…

A third of renters are spending more than 50% of their wages on rent

Research reveals that 81% of renters in the UK are spending more than 30% of their take-home pay on rent – which means that most Brits are now classified as ‘rent burdened’ and it’s getting worse.
The data from flatshare site S…

Rent price growth leads renters to look further afield

With fast-rising rents, growing numbers of tenants are becoming more flexible over choosing where to live – and are increasingly finding somewhere more affordable that is further away, one leading real estate expert says.
Nicky Stevenson, the man…

Landlords continue fleeing PRS as tenant demand rises

Tenant demand in the first three months of the year rocketed by 41%, but fewer rental properties came onto the market, a survey reveals.
The Royal Institution of Chartered Surveyors (RICS) residential market survey for April found that 24% of members s…

Rents hit another record high

Rents across the UK have continued rising to a new high with the average being paid by tenants reaching £1,199, an index reveals.
HomeLet says that the average rent grew by 1.3% from March to April –

Rising rents force tenants to become first time buyers

While house price growth has slowed to 3%, the country’s high rents mean it is cheaper for tenants to buy, research from Zoopla reveals.
The platform says that the worst of the house price falls ‘is over’

London leads the way with rent rises

England’s rents are on the rise and London is leading the way, one rental index reveals.
According to Goodlord, rents in the capital hit a high for 2023 last month as rents steadily increased in most regions.
However

Rent ‘reality gap’: London’s tenants are paying more than official data suggests

Renters in the capital are paying 37% or £613 more per month than official statistics suggest, research reveals.
The findings from lettings and estate agent, Benham and Reeves say that high demand is pushing up rent prices –

Rents hit new high – but record growth is slowing down

Tenants are faced with rents hitting a new record high with renters outside of London now spending an average of £1,190, Rightmove reveals.
The platform says that rents have risen for 13 consecutive months, but the pace of growth is now slowing down.

Renters will see more pressure on rents into the summer

Tenants look set to continue feeling the financial pressure with low stock levels helping to boost rent price growth, one agency says.
Fine & Country also says that as summer approaches, demand will increase and prices will rise even further.

RIP Scotland’s PRS?

Hello, As you will all know, being conscientious landlords, there is currently an evictions and rent freeze in Scotland since last year and will continue currently until September 2023 with the option of SNP and the Greens to continue it for a further …

The PRS saw an annual rent rise of 4.9% in March

The UK’s private rents rose in the year to March by 4.9% – which is still below the rate of inflation.
The Office for National Statistics (ONS) says the annual figure is a slight increase on February’s 4.8%.

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