The cost of renting a home rose by 12% in the year to August, according to estate agency Hamptons – the highest since it started its survey in 2014.
A typical monthly rent of a newly-let property is now £1,304, it said.
The rise in the past 12 months was more than the increase seen over the four years to 2019, Hamptons said.
The rise in the past 12 months was more than the increase seen over the four years to 2019, Hamptons said.
With fewer properties available to rent in many areas, the mismatch between supply and demand has made renting more expensive.
Last month, official figures, covering existing as well as new lettings, showed the rising cost of renting was at its highest level since comparable records began.
Legislation going through Parliament will ban tenants from being evicted without justification – a move which landlords claim is leading some to leave the sector – but campaigners have said progress made by MPs on the new law is slow.
Meanwhile stiff competition among tenants for a smaller pool of rental property is leading to rising rents.
The cost of renting a home rose by 12% in the year to August, according to estate agency Hamptons – the highest since it started its survey in 2014.
The rise in the past 12 months was more than the increase seen over the four years to 2019, Hamptons said.
A typical monthly rent of a newly-let property is now £1,304, it said.
With fewer properties available to rent in many areas, the mismatch between supply and demand has made renting more expensive.
The rise in the past 12 months was more than the increase seen over the four years to 2019, Hamptons said.
The rise in the past 12 months was more than the increase seen over the four years to 2019, Hamptons said.
With fewer properties available to rent in many areas, the mismatch between supply and demand has made renting more expensive.
Last month, official figures, covering existing as well as new lettings, showed the rising cost of renting was at its highest level since comparable records began.
Legislation going through Parliament will ban tenants from being evicted without justification – a move which landlords claim is leading some to leave the sector – but campaigners have said progress made by MPs on the new law is slow.
Meanwhile stiff competition among tenants for a smaller pool of rental property is leading to rising rents.
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