Despite the pace of rental growth continuing to ease, newly marketed rental properties outside of the capital have seen average advertised rents hit a 17th consecutive record.
Related topic: Rent
Renters are significantly worse off today than they were a decade ago as salaries have failed to keep up with ballooning rental costs.
The first quarter of 2024 is reflective of wider economic turbulence and has led to acute pressures on landlords, according to Reposit.
Rents rose 9% on average in the UK in Q1 2024 compared to the same period in 2023, according to the latest data released by flatshare site, SpareRoom.
Virtually every region of England and Wales has seen annual yield increases, according to Fleet's latest data.
Record levels of tenant demand have seen average rents climb by 28% since March 2020.
The majority of UK tenants are at the very limit of what experts believe is ‘affordable’, according to new research.
The rental market is straining under the pressure of high tenant demand which has seen rental costs spiral in recent years.
According to the latest market insight from Chestertons, rents have dropped by up to 10% in some areas compared to the same time last year.
Tenants are now paying 7% more in rent compared to February 2023 as the market continues to maintain its year-on-year growth streak.
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