Rightmove says the average rent in the UK now eats up 50% of the net income of those living within the private rented sector where the monthly rent per property is now £1,526.
Wealthy Chinese students are paying £66 a week or 42% more in rent than their British counterparts, according to the latest StuRents annual report.
The Labour party has clarified that although it will seek to stop agents and landlords encouraging bidding wars, tenants will be allowed to make ‘voluntary’ higher offers above the original rental asking price.
The UK has recorded the highest 21-day commercial property rent collection rates since the start of the pandemic
The rate at which rents have been rising has increased across the UK to record levels, official figures reveal today.
Rent-to-income ratios in the UK have reached unsustainable new highs, forcing renters to spend a third of their wages on rent.
UK rents increased by 6.2% in the year to December 2023 - the joint highest annual percentage change since 2016.
