Average rents paid by tenants across Great Britain rose by 2.4 per cent in the 12 months to July, according to the Office for National Statistics.
Rents grew by 2.6 per cent in England and a tiny 0.2 per cent in Scotland over the year; they were completely static in Wales.
Rents increased in all the English regions over the year to July, with the largest hike in the south east, up 3.5 per cent. The smallest rise was in the north east, up just 0.9 per cent.
However, even these rent rises are on average above the increase in wages and demonstrate a national problem according to Richard Connolly, chief executive of rent-to-buy housebuilder Rentplus.
"The annual jump in private rental prices ... is a stark reminder of the struggles that many people living in private rented homes are facing in saving a deposit to buy their first home - which remains the biggest barrier to ownership" he says.
"The struggles are numerous with aspirant home owners in the current climate also facing rising fuel bills, low salary growth and low interest rates from savings accounts.”
The Independent online newspaper says Conservative MP Gary Streeter will tomorrow...
Tenants now pay 2.6 per cent more rent on average than...
Rents in Britain went up by an average of 2.5 per...
A BBC investigation claims that people living in the private rental...
When we talk in general terms about the UK housing market,...
The plight of the nation’s first-time buyers may be the focus...
Dog-owning house buyers who want to live in areas of abundant...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
.png)
I think we can all agree that the National Trading Standards...
Houses in Multiple Occupation are making up an increasing percentage of...
A lettings agency has been expelled from The Property Ombudsman scheme...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
The government has written to Conservative MPs promising changes to the...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment