Property News · April 14, 2022

Cost of renting jumps at record, adding more pressure to cost of living crisis


Swansea and Manchester up more than 19%, with average rise outside London in double digits for first timePrivate rents in Britain are rising at a record rate, research has found, jumping 14% in a year in London and by more than 19% in hotspots such as Manchester, piling yet more pressure on already strained household budgets.The average advertised rent outside London is 10.8% higher than a year ago as tenants grappled with “the most competitive rental market ever recorded”, said the property website Rightmove. Continue reading…

Source : theguardian.com
Read more…Cost of renting jumps at record, adding more pressure to cost of living crisis

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