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.
Nottingham benefits landlord Mick Roberts has robustly defended those landlords who get involved in a bidding war during an interview on 5 Live’s breakfast show.
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.
Most private landlords think they should be subject to stricter energy efficiency regulations, according to new research.
Private rental prices paid by tenants in the UK rose by 6.1% during the 12 months to October 2023, up from 5.7% during the 12 months to September 2023, ONS data shows.
Investors are losing confidence in the Scottish PRS, while rent caps and increased construction costs are halting rental developments, says one property solicitor.
Rental prices will continue to increase during the next three months, predicts agent Knight Frank which has revised its growth forecasts for 2023 to 6.5%, with a further 5% expected in 2024.
