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Supply shortages and mortgage rate rises push UK rents to highest point ever


Average rental property receives three times more enquiries from prospective tenants than in 2019Business live – latest updatesPrivate home rents in Great Britain have increased to their highest point on record after shortages in supply and mortgage rate rises combined to push the cost up by 10% over the past 12 months.The average rent for new properties being put on the market now stands at a record £1,278 per calendar month outside London in the July to September period, according to Rightmove. Continue reading…

Source : theguardian.com
Read more…Supply shortages and mortgage rate rises push UK rents to highest point ever

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