Huurders in Verenigd Koninkrijk "worden geconfronteerd met een crisis als nooit tevoren"
July 21, 2023 - Average rental costs for new tenants in London have soared to a record high of £2,567 ($3,310) per month – an increase of 28% in just four years, fuelled by rampant demand and higher mortgage rates.
Rental costs for new tenants in London have hit a record in the second quarter of 2023, as soaring demand and higher mortgage rates motivate landlords to raise prices.
Home renters in the capital must now pay on average £2,567 (€2,966, $3,298) a month – up 14% on 2022, and 28% on 2019.
Outside London, asking rents also reached a record – £1,231 (€1,422, $1,582) per month, up 9% on 2022, and by a third from 2019.
The increases mean thousands of people are battling to stay in their homes – sure to be a hot topic for both major political parties ahead of a general election expected next year.
As Polly Neate, chief executive of housing charity Shelter, puts it: renters are “facing a crisis like never before”.