True Cost of Rent as Many People Spend Half Their Salary on It

True cost of rent as many people spend half their salary on it

A new report has found how much rent now costs and who is spending the most

UK renters hit hardest by inflation as household costs surge

Spiralling rents for the UK’s 5.5 million private tenants continued to outstrip broader price rises in the economy last year. Renters have seen costs rise twice as fast as people who own their homes outright in the last year, underscoring the growing social divide caused by the housing crisis. Inflation for Britons who rent their homes climbed 3.6% in the year to March, according to the Office for National Statistics (ONS), the highest of any gr…

Letting agents call for Labout to reduce landlord taxes as rents soar

Official figures reveal the UK’s private rents have risen by 7.7% annuyally and by as much as 9.1% in London, and Propertymark points finger to rising landlord costs.

Rising rental payments drive up inflation figure for tenants - Property Industry Eye

Rising rental payments drive up inflation figure for tenants - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.

The price index rose from 2.6% in March to 3.5% in April in the United Kingdom. While the price rise seems alarming, it is not necessarily expected to trigger the Bank of England's (BoE) alarm bell, which predicted that inflation would rise for some time now. It also expects it to remain relatively high. Much of this has already been taken into account in its calculations when it decided to reduce its rates in April 2025. It is therefore unlikel…

Rising rents see tenants suffer highest household inflation: ONS   – Mortgage Finance Gazette

Private renters suffered the highest annual inflation rate among UK households, at 3.6%, in the year to March, “reflecting rising private rental payments,” official data shows.    This was followed by social and other renter households, who saw the cost of living rise by  3% over the period,… The post Rising rents see tenants suffer highest household inflation: ONS   appeared first on Mortgage Finance Gazette.