Average rent in England increased 9.2% to £1,369 in the 12 months to December - slightly down on the previous record-high annual growth.
Three quarters of Suffolk renters have struggled to find an affordable home in the last six months, while half had a rent increase – an average of £58 – according to new research.
UK letting agents are still receiving nearly double the number of enquiries about each available rental property than they were pre-pandemic.
Rents charged for new tenancies across the UK continue to rise as landlords seek to offset higher costs and supply continue to be weak, latest Government data shows.
Surveyors are the latest group to report a cooling rental market in the UK, with a slowing in demand among tenants for the first time since 2020.
A prize company CEO says the UK’s rental stock shortage is driving tenants’ anxiety about rent rises.
Rents will carry on rising next year as the supply of rental homes continues to be outstripped by supply – but an ‘inflection point’ where rents become too expensive for many tenants will eventually arrive, and already has done in London.
The gap between rents in the North and South of England has closed to its smallest level since 2013.
More than one in 10 homes for sale on Zoopla in July were formerly rented, prompting fears that a challenging autumn budget could further increase sales.
