Property News · May 15, 2023

Rent outside London passes £1,000 for first time, figures show


Tenants in Great Britain now typically paying 25% more than they were at the start of Covid pandemic, according to dataBusiness live – latest updatesThe average new monthly rent outside London has passed £1,000 for the first time, figures show, with tenants in Great Britain now typically paying 25% more than they were at the start of the Covid pandemic.The estate agent Hamptons, which issued the data, warned that the rate of rent rises was “unlikely to slow considerably due to the number of landlords looking to pass on their rising costs” and this may force some tenants to downsize or relocate to a cheaper area. Continue reading…

Source : theguardian.com
Read more…Rent outside London passes £1,000 for first time, figures show

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