Credit, collections & insolvency news
Average rents could rise by 13 per cent over the next three years, as high market rates work their way through existing tenancies according to new research by the Resolution Foundation. The research showed that the cost of new tenancies has grown by 18 per cent since January 2022. This has had a big effect…
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New research by Zoopla has found that the average rent has increased by 10.4% in a year, the 5th month of double-digit growth. 53% of tenants say their rent has risen in the past six months with renters spending 28% of their income putting a roof over their head – the highest in ten years. The…
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Latest ONS data has indicated that 51% of properties surveyed had seen a rent increase in the year to February. In London, this was 67%, in the South East 62% and in the South West 53%. Among those with rising rents, the average hike was 10% – up from 7% a year earlier. In London…
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