Rents Reach Record High as Tenants Pay over £400 More a Month than Five Years Ago

Rents reach record high as tenants pay over £400 more a month than five years ago

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The cost of renting in Britain reaches record highs – but things might improve soon

The average monthly rent that a new tenant faces paying is more than £400 than it was five years ago

Record high rents as tenants pay £400 more per month than five years ...

'Still not enough' homes available to rent says Rightmove

Despite market slowly rebalancing after pandemic shock, Rightmove says too few homes being advertised continues to push up rents.

Average rent now £400 per month higher than five years ago, Rightmove says: 'Another new record'

Renters are paying £400 a month more on rent than they were five years ago as rises have outstripped wages, according to Rightmove.

Rents across Britain have reached record highs, with tenants now paying around £400 per month more than they were five years ago.

That’s according to Rightmove which says the rate at which prices are going up on their website is slowing. It says more houses are available for the number of renters. Walton’s the highest across Britain with a 34.6% annual rise, while rental demand jumped by 99% in Chessington and 64% in Barnes. The government’s legislating to improve rights for tenants. Megan Eighteen from lettings’ body Propertymark worries landlords may be less inclined to …