Tag: Cost of living

UK rents reach the highest level on record – ONS

Author: Property118.com Landlord News Team

17th April 2024, 2 years ago | 4

Renting costs in the UK continue to grow with average rents jumping by 9.2% in the year to March –...

Rent arrears up amid cost-of-living crisis for tenants

Author: Property118.com Landlord News Team

17th April 2024, 2 years ago | 3

Average rent arrears claims have reached a record high, placing a growing strain on both tenants and landlords, data reveals....

Tenants’ energy bills now equal an extra month’s rent

Author: Property118.com Landlord News Team

15th April 2024, 2 years ago | 7

For the first time since 2017, tenants in Britain are paying the equivalent of an extra month’s rent annually due...

Renters are still financially squeezed – FCA

Author: Property118.com Landlord News Team

11th April 2024, 2 years ago | 3

New research by the Financial Conduct Authority (FCA) suggests there has been an improvement in the financial well-being of Brits,...

Rent rises start to ease – but renters still worry

Author: Property118.com Landlord News Team

10th April 2024, 2 years ago | 2

Tenants are experiencing some relief as the rate of rent rises slows down significantly, new data from Barclays reveals. The...

Rent rises to outpace wage growth despite cooling prices

Author: Property118.com Landlord News Team

8th April 2024, 2 years ago | 1

Despite a recent cooling down in rent price growth, renters are likely to see their housing costs rise faster than...

Renters are spending nearly 40% of their wages on rent

Author: Property118.com Landlord News Team

8th April 2024, 2 years ago | 7

The average UK tenant is spending nearly 38.3% of their monthly income on rent which means many will be teetering...

Rents in England have risen by 28% since 2020

Author: Property118.com Landlord News Team

5th April 2024, 2 years ago | 1

Rents in England continued their upward annual climb in March and while month-on-month prices remained flat, they rose 6.4% compared...

UK rents rocket by 46% in a decade

Author: Property118.com Landlord News Team

28th March 2024, 2 years ago | 11

The average UK rent has climbed by 46% in the past decade thanks to surging tenant demand and limited rented...

Annual rent rise is the highest ever recorded – ONS

Author: Property118.com Landlord News Team

21st March 2024, 2 years ago | 7

The cost of renting in the UK has hit a new high as average rents across the UK rose by...

Landlords are feeling the squeeze with inflation and recession fears

Author: Property118.com Landlord News Team

15th March 2024, 2 years ago | 0

Landlords in the UK are facing a variety of challenges, with a new survey revealing worries about inflation, the cost-of-living...

Tenants face squeeze as PRS homes fall to 10-year low

Author: Property118.com Landlord News Team

6th March 2024, 2 years ago | 0

Despite an increase in the overall number of private rented sector (PRS) properties, the proportion of these homes in England...

London councils’ temporary accommodation ‘bankruptcy risk’ as landlords quit

Author: Property118.com Landlord News Team

28th February 2024, 2 years ago | 13

New data from London Councils paints a grim picture of the capital’s homelessness crisis, revealing a shocking 40% increase in...

Renters face financial hardship and food insecurity, survey reveals

Author: Property118.com Landlord News Team

23rd February 2024, 2 years ago | 5

Only 9% of tenants in the UK say they are financially comfortable, while 59% said they had trouble paying their...

Council says housing crisis is worsening as landlords exit market

Author: Property118.com Landlord News Team

13th February 2024, 2 years ago | 29

Thurrock Council has revealed the growing challenges it faces in providing housing help to its residents, as the cost-of-living crisis...

Landlords fear rising costs and rent arrears in 2024, survey reveals

Author: Property118.com Landlord News Team

12th January 2024, 2 years ago | 0

The top worries for landlords in 2024 have been revealed in a survey which found that rising mortgage payments and...

1.6 million renters to get more housing support from April

Author: Property118.com Landlord News Team

11th January 2024, 2 years ago | 2

Around 1.6 million private renters on low incomes will see their housing support rise from April, as the government increases...

Council reveals its housing crisis as private landlords sell up

Author: Property118.com Landlord News Team

27th September 2023, 3 years ago | 15

West Lothian Council is facing a housing crisis as the cost-of-living crisis has forced many private landlords to sell off...

London is now unaffordable to graduates – every postcode is a ‘no-grad zone’

Author: Property118.com Landlord News Team

20th September 2023, 3 years ago | 0

London is now unaffordable to graduates, with every postcode in the capital a ‘no-grad zone’ thanks to sky-high rents, new...

Rising rents are driving tenants to consider moving abroad

Author: Property118.com Landlord News Team

13th September 2023, 3 years ago | 3

A survey has revealed that 72% of renters in the UK are either actively searching (46%) for new accommodation in...