Tag: Cost of living

One in 10 PRS tenants struggling with rent

Author: Property118.com Landlord News Team

8th October 2024, 2 years ago | 5

One in 10 private rented sector (PRS) tenants in the UK are struggling to make their rent payments, research reveals....

Rents hit new heights to push affordability levels to the limit

Author: Property118.com Landlord News Team

4th September 2024, 2 years ago | 4

Rents in the UK continued their upward trajectory in August, reaching a new high of £1,438 on average for new...

Lender urges government support for landlord EPC upgrades

Author: Property118.com Landlord News Team

22nd August 2024, 2 years ago | 4

Skipton Group has called on the government to introduce incentives and support for landlords to upgrade their properties to meet...

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UK rents surge and house prices rise – ONS

Author: Property118.com Landlord News Team

15th August 2024, 2 years ago | 0

The average private rent in the UK surged by 8.6% in the 12 months to July 2024 and house prices...

Average UK rent tops £1,400 for the first time

Author: Property118.com Landlord News Team

31st July 2024, 2 years ago | 1

A perfect storm of soaring demand and limited supply of homes has pushed rents to unprecedented levels, according to the...

Homeownership dream fades as affordability crisis deepens – Skipton

Author: Property118.com Landlord News Team

26th July 2024, 2 years ago | 1

Just one in eight potential first-time buyers can afford the average property in their area, with the situation even more...

Solo living surges amid cost-of-living crisis

Author: Property118.com Landlord News Team

25th July 2024, 2 years ago | 3

The number of young people living alone in the UK has rocketed by a third in just one year, with...

Landlord exodus from the PRS as uncertainty and costs rise

Author: Property118.com Landlord News Team

19th July 2024, 2 years ago | 22

There’s been a surge in landlords exiting the private rented sector (PRS) with a dramatic rise in the number of...

More than a third of renters can’t afford rents – TDS

Author: Property118.com Landlord News Team

21st June 2024, 2 years ago | 14

Rising rents and stagnant benefits are creating a financial squeeze for private renters in the UK, with a study revealing...

UK rent rises show signs of cooling after record highs – ONS

Author: Property118.com Landlord News Team

20th June 2024, 2 years ago | 0

The rate at which UK private rents increase is beginning to slow down with the average rent rising by 8.7%...

UK rent growth slows after reaching record high – ONS

Author: Property118.com Landlord News Team

22nd May 2024, 2 years ago | 1

The UK’s rent inflation is slowing down as average private rents grew by 8.9% in the year to April –...

Tenants struggle to find new homes as rents rise

Author: Property118.com Landlord News Team

22nd May 2024, 2 years ago | 11

Half of all tenants who moved in the past year say they faced difficulties finding a new property to rent...

Sitting tenants see rents rise as gap with open market narrows

Author: Property118.com Landlord News Team

20th May 2024, 2 years ago | 5

Tenants renewing their tenancies are seeing rents rise at a faster pace than those moving to new homes, research reveals....

Rents could increase by 20% over the next year – HomeLet

Author: Property118.com Landlord News Team

8th May 2024, 2 years ago | 7

The UK’s renters are facing rents climbing at an alarming rate this year after they rose by 1.6% in just...

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UK house price growth slows down – Nationwide

Author: Property118.com Landlord News Team

1st May 2024, 2 years ago | 0

UK house prices saw a slowdown in annual growth in April of just 0.6%, down from 1.6% in March, Nationwide...

Year-on-year rents rise by 5.7% – voids remain stable

Author: Property118.com Landlord News Team

1st May 2024, 2 years ago | 0

Rents continued their upward trajectory in April, with the latest figures from Goodlord showing a year-on-year increase of nearly 6%...

Renters borrowing more to pay for deposits

Author: Property118.com Landlord News Team

25th April 2024, 2 years ago | 1

A growing proportion of renters in the UK are having to borrow money to pay their rental deposit, research reveals....

Scottish rent cap addressed a problem ‘that didn’t exist’

Author: Property118.com Landlord News Team

19th April 2024, 2 years ago | 3

Scottish private sector rents have risen at a rate in line with inflation over the last nine years, according to...

Struggling landlords are selling up to avoid insolvency

Author: Property118.com Landlord News Team

18th April 2024, 2 years ago | 11

A surge in buy to let landlords exiting the private rented sector (PRS) is being fuelled by an increase in...

Rent rises outpace earnings to hit tenant affordability

Author: Property118.com Landlord News Team

18th April 2024, 2 years ago | 2

Over the past 10 years, the cost of rent has significantly outpaced wage growth, leaving many tenants struggling to afford...