Rent on newly-let homes falls for first time in five years after ‘relentless’ rise Property Average rents on newly-let homes have fallen for the first time in around five years, according to a property firm. Across Britain, the average rent on a newly-let property fell by 0.2 per cent year-on-year in July, marking the first annual decline since August 2020, during the height of the Covid pandemic, Hamptons said. Despite [...]
Renting remains cheaper than buying in UK as mortgage rates soar Property The financial burden is greatest in London, where buying a house costs an additional £775 per month, or £9,300 annually, compared to renting.
Nine in 10 landlords raise rents for existing tenants Housing Tenants in Britain now face larger rent increases from renewing their existing contract instead of moving to a new property, new figures show, as landlords move closer towards open market rates.