A leading figure in the property world has pinned the blame for the UK’s rocketing rent rises on the Government, claiming that it’s absurd to accuse landlords and letting agents of profiteering from huge demand.
A continued imbalance between supply and demand is set to grow rents by 6% next year, before hitting an affordability ceiling that will limit growth until 2028.
Private tenants in England were most likely to face a rent hike in the last year, while tenants in Wales saw a larger average increase.
