What’s next for Generation Rent?
6 years, 3 months ago

What’s next for Generation Rent?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. After adjusting for inflation, average house prices in England have risen by 173 per cent since 1997, compared with increases in young adults’ real incomes of only 19 per cent. Even in the most affordable locations in the country, such as Annan in Dumfries and Galloway, a lifetime’s renting will still come in at around £200,000 in today’s prices according to a new online tool that shows users what rent for the next 50 years will cost in their postcode compared with owning. “Rental prices have for the large part, continued their upward trend although this muted rate of growth will at least be welcomed by the nation’s tenants,” says Adam Male, director of lettings at urban.co.uk. “However, this week’s second reading of the tenant fee bill along with the current political climate and previous restrictions on the buy-to-let sector is creating a recipe for increased turbulence in the UK rental sector.

Costs Cent Sign Rental Prices  cent  average  generation  rental  prices  breaking  sign  sector  rent  costs  mortgage  whats

History of this topic

Mapped: How much rents have gone up in your region as prices hit record high
4 weeks ago

Mapped: How much rents have gone up in your region as prices hit record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Annual growth in UK house prices and rents has accelerated, …

£6,395 drop in average price tag on a home in December
1 month ago

£6,395 drop in average price tag on a home in December

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We are …

Rental costs up £3,240 a year on average since end of pandemic
1 month ago

Rental costs up £3,240 a year on average since end of pandemic

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The number …

Rental hotspots: These areas have seen monthly costs rise 40% in four years
2 months, 1 week ago

Rental hotspots: These areas have seen monthly costs rise 40% in four years

Daily Mail  

Renters have endured a tough time in recent years, paying ever-higher prices as they compete for a declining number of available homes. Going up: Cities such as Manchester, Edinburgh and Glasgow have seen above-average rent rises over the past four years, as well as areas such as Dorset and Somerset Some cities have seen rents increase by 40 per cent …

Asking rents ‘hit fresh records but more properties undergoing price reductions’
3 months ago

Asking rents ‘hit fresh records but more properties undergoing price reductions’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asking rents outside London have …

It won’t be popular, but there’s only one answer to tackling soaring rents
5 months, 3 weeks ago

It won’t be popular, but there’s only one answer to tackling soaring rents

The Independent  

Despite the efforts of successive governments, the dream of home ownership has grown more and more out of reach for years. However, the above figure for average rents, covering the second quarter of the year from property website Rightmove, is up nearly 7 per cent compared with a year earlier. True, the pace of increase has slowed a bit – …

Average rent outside London hits record high – check how your area compares
6 months, 1 week ago

Average rent outside London hits record high – check how your area compares

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The new record of £1,316 across Britain, excluding London, means that average advertised rents …

Advertised rents at record highs, but some landlords now being forced to reduce asking prices, Rightmove says
8 months, 2 weeks ago

Advertised rents at record highs, but some landlords now being forced to reduce asking prices, Rightmove says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. London asking rents were 5.3 per cent higher in the first quarter of 2024 …

Cost of privately renting homes rises by more than 9% in a year - the largest increase since records began - to an average of £1,246 per month to heap more cost-of-living pressure on families unable t
8 months, 4 weeks ago

Cost of privately renting homes rises by more than 9% in a year - the largest increase since records began - to an average of £1,246 per month to heap more cost-of-living pressure on families unable t

Daily Mail  

The cost of privately renting a home has rocketed by the largest proportion since records began to heap more pressure on families unable to get on the housing ladder. The ONS said the rise in Scotland's annual inflation rate in recent months 'is more reflective of Scotland's average house price falling this time last year, rather than increasing in recent …

Mapped: See how the UK’s record rent rises impact your area
9 months, 3 weeks ago

Mapped: See how the UK’s record rent rises impact your area

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “As the cost of living crisis apparently eases, the cost of renting crisis is …

UK rents skyrocket at fastest rate on record, new Office for National Statistics figures show
9 months, 3 weeks ago

UK rents skyrocket at fastest rate on record, new Office for National Statistics figures show

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average UK rent increased by 9 per cent in the 12 months to …

Rents up 29% since pre-pandemic despite recent slowdown - how fast have they risen in your area?
9 months, 3 weeks ago

Rents up 29% since pre-pandemic despite recent slowdown - how fast have they risen in your area?

Daily Mail  

Rents have risen 29 per cent since just before the start of the pandemic, new research has revealed. Zoopla says the sharp rise in rents during the pandemic helped to push more than half of rental homes above £1,000 a month for the first time, almost double the level five years ago. One of the areas with the most rapid …

Rents outside of London reach record average of £1,280 a month - but hikes are slowing down
11 months, 3 weeks ago

Rents outside of London reach record average of £1,280 a month - but hikes are slowing down

Daily Mail  

Tenants are showing signs of having hit an 'affordability ceiling' as they fork out record sums in rent, new research suggests. Rightmove revealed the increases and decreases in rental prices around the country Another record: Average asking rents reach £1,280 a month outside London, says Rightmove It is the 16th consecutive record in asking rents outside of London, with tenants …

Average asking rents ‘hit new record high with 11 inquiries typically per home’
11 months, 3 weeks ago

Average asking rents ‘hit new record high with 11 inquiries typically per home’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. We can’t keep seeing double-digit rent rises every year …

Map reveals where rent is highest in UK as costs soar to record high
11 months, 4 weeks ago

Map reveals where rent is highest in UK as costs soar to record high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Rents in Scotland increased by 6.3 per cent in the 12 months to December …

‘I thought every day I was going to be homeless’ - Inside the unstable London rental market
1 year ago

‘I thought every day I was going to be homeless’ - Inside the unstable London rental market

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Cabinet minister Michael Gove says council planning departments are taking …

Annual house price growth slows amid record jumps in rental prices
1 year, 3 months ago

Annual house price growth slows amid record jumps in rental prices

The Independent  

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Rents ‘could rise four times as fast as house prices across the years ahead’
1 year, 4 months ago

Rents ‘could rise four times as fast as house prices across the years ahead’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Across Britain, rents could rise by 25% over the four-year period, compared with 5.5% …

Rent is cheaper than mortgage payments for the first time since 2010
1 year, 4 months ago

Rent is cheaper than mortgage payments for the first time since 2010

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy It is now cheaper to rent a home than to …

UK’s rental shame: Tenants paying four times as much of income as homeowners on housing
1 year, 5 months ago

UK’s rental shame: Tenants paying four times as much of income as homeowners on housing

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Average floor space per renter has fallen by a fifth …

If the Tories want to win elections, they can no longer afford to ignore renters
1 year, 5 months ago

If the Tories want to win elections, they can no longer afford to ignore renters

The Independent  

Fifteen years of soaring house prices has increasingly turned Britain into a nation of renters. The most recent English Housing Survey revealed that significantly more households now rent their home – 36 per cent, compared with 30 per cent who own their homes with a mortgage That rising central bank interest rates have created a timebomb for mortgage holders is …

Average London rental costs may soar to £2,700 a month, figures suggest
1 year, 5 months ago

Average London rental costs may soar to £2,700 a month, figures suggest

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Average rental costs in London …

Rent prices hit new record as tenants facing ‘crisis like never before’
1 year, 5 months ago

Rent prices hit new record as tenants facing ‘crisis like never before’

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A charity has said that renters are “facing a crisis …

High rental growth likely to ease from 2024 as RBA reaches end of interest rate hikes
1 year, 5 months ago

High rental growth likely to ease from 2024 as RBA reaches end of interest rate hikes

ABC  

High rental growth is likely to ease from next year as the Reserve Bank of Australia signals it is near the end of its current interest rate hiking cycle and inflation begins to moderate. Key points: CoreLogic analysis expects rental growth will begin to ease from 2024 as the RBA nears the end of its current monetary tightening cycle It …

Average price tag on a home fell by £905 in July – Rightmove
1 year, 5 months ago

Average price tag on a home fell by £905 in July – Rightmove

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. First-time buyers, …

Renters’ Bill could cause landlords to quit, assessment warns
1 year, 6 months ago

Renters’ Bill could cause landlords to quit, assessment warns

The Telegraph  

The impact assessment claims that measures will only cost landlords £17 annually per rented property, or 0.2 per cent of mean annual rents in England, which would be mitigated by benefits worth up to £17. “Additionally, other external factor including interest rate changes and tax changes, would likely have a far greater impact on the supply of properties given the …

Rental costs now account for over 28% of earnings in decade high – report
1 year, 6 months ago

Rental costs now account for over 28% of earnings in decade high – report

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Renters continue …

Widest gap in UK between renting and buying home revealed – what’s cheapest in your area?
1 year, 10 months ago

Widest gap in UK between renting and buying home revealed – what’s cheapest in your area?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The cost of a mortgage on a first home is …

Average monthly rent is £117 higher than a year ago – Zoopla
2 years, 1 month ago

Average monthly rent is £117 higher than a year ago – Zoopla

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average rent for a …

Rent prices hit record-high levels with costs up 20% in some areas
2 years, 6 months ago

Rent prices hit record-high levels with costs up 20% in some areas

The Independent  

The average cost of renting a home in the UK has hit a record high, with prices skyrocketing by more than 20 per cent in some areas, according to new figures. In the capital itself, the picture for renters is even starker, with average monthly rents soaring to an eye-watering record high of £2,257, following a rise of 15.8 per …

Think rent is rising fast? It’s worse than you think (and inflation might be too)
2 years, 6 months ago

Think rent is rising fast? It’s worse than you think (and inflation might be too)

LA Times  

The rate of inflation has hit an all-time high for renters seeking new housing. Beyond masking the extent of inflation faced by new tenants, Sohn said, the agency also distorts the market’s reality with the way it calculates the cost of housing ownership. “If I were to rent my own house to myself right now when the price rise is …

Relentless house price hikes spell gloom for renters under financial pressure
2 years, 8 months ago

Relentless house price hikes spell gloom for renters under financial pressure

The Independent  

A third record house price increase means renting is now the lifelong norm for a growing proportion of UK tenants, experts have warned this week, as the cost of an average home reaches £354,564. “For renters already dedicating a far higher proportion of their monthly income to housing than average mortgage holders, seeing house prices continue to rise and stock …

Landlords criticise minister's plan to limit rent rises next year
2 years, 9 months ago

Landlords criticise minister's plan to limit rent rises next year

Dutch News  

Real estate investors are unhappy at the cabinet’s plan to tackle a potential ‘explosion’ in private sector housing rents, saying it could make the sector unprofitable, given other measures the government is introducing. Last year, landlords operating in the non rent-controlled sector agreed to limit rent rises to the rate of inflation from the previous year plus 1%. Instead the …

Landlords criticise minister's plan to limit rent rises next year
2 years, 9 months ago

Landlords criticise minister's plan to limit rent rises next year

Dutch News  

Real estate investors are unhappy at the cabinet’s plan to tackle a potential ‘explosion’ in private sector housing rents, saying it could make the sector unprofitable, given other measures the government is introducing. Last year, landlords operating in the non rent-controlled sector agreed to limit rent rises to the rate of inflation from the previous year plus 1%. Instead the …

Households saw nearly £17,000 swallowed up by rent and bills in 2021 – research
2 years, 10 months ago

Households saw nearly £17,000 swallowed up by rent and bills in 2021 – research

The Independent  

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Rental prices increase at fastest rate on record, data suggests
2 years, 11 months ago

Rental prices increase at fastest rate on record, data suggests

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average rental asking price …

Yet another blow for ‘generation rent’ as post-pandemic normality resumes
3 years, 4 months ago

Yet another blow for ‘generation rent’ as post-pandemic normality resumes

The Independent  

House prices continued their relentless northward march through the pandemic, with more than a little nudge from government policy, but there was at least some relief for renters. This offered some rare welcome news for “generation rent”, which for too long has been on the wrong side of government policy and is now being asked to shell out to “fix” …

Government intervention has major impact on housing rent rises
3 years, 4 months ago

Government intervention has major impact on housing rent rises

Dutch News  

This year’s rent increase round was the most modest since 1960, with social housing tenants paying just 0.3% more, according to new figures from national statistics office CBS. In the non-rent controlled sector, rents for existing and new contracts rose by an average of 2.2%, the CBS said. The limited rise follows a government decision to freeze social housing rents …

Government intervention has major impact on housing rent rises
3 years, 4 months ago

Government intervention has major impact on housing rent rises

Dutch News  

This year’s rent increase round was the most modest since 1960, with social housing tenants paying just 0.3% more, according to new figures from national statistics office CBS. In the non-rent controlled sector, rents for existing and new contracts rose by an average of 2.2%, the CBS said. The limited rise follows a government decision to freeze social housing rents …

Value of private rented housing sector jumps 5.8% to £1.4 trillion, report finds
3 years, 4 months ago

Value of private rented housing sector jumps 5.8% to £1.4 trillion, report finds

The Independent  

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Tenants won’t always have it easier, even as renting becomes cheaper than buying
3 years, 6 months ago

Tenants won’t always have it easier, even as renting becomes cheaper than buying

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. In March …

At last, some good news for generation rent
3 years, 8 months ago

At last, some good news for generation rent

The Independent  

There aren’t many positives to come from the pandemic, but one potentially beneficial side effect is the tumble taken by city centre rents. Property website Zoopla says the London rental market, previously a horror show for the capital’s residents, has experienced a 9.4 per cent year-on-year decline, leaving affordability at a ten-year high. There are signs that prices have fallen …

Private sector rents drop for second quarter, bigger cities lead the way
4 years ago

Private sector rents drop for second quarter, bigger cities lead the way

Dutch News  

Rents for new contracts in the private, or non-rent controlled sector, continued to go down during the final three months of 2020, according to new figures from housing platform Pararius. The decline has been boosted by the collapse of tourism and the fact new expats are not arriving, but rent levels had already reached a maximum before the coronavirus pandemic …

How fast are rents rising near you? Biggest hikes seen in three years
4 years, 11 months ago

How fast are rents rising near you? Biggest hikes seen in three years

Daily Mail  

Rents are rising at the fastest pace for three years, with Bristol, Nottingham and York all seeing rises of 5 per cent, data shows. Rents in Britain grew by an average rate of 2.6%, said property website Zoopla The rate of rental inflation has risen from 1.4 per cent a year ago. Rents in York have risen 5 per cent …

Tenant fee ban to save renters £192m a year, study finds
5 years, 7 months ago

Tenant fee ban to save renters £192m a year, study finds

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The tenant fee ban could save UK renters £192m a …

Renters spend £1.1m more than buyers in their lifetime, research finds
6 years, 6 months ago

Renters spend £1.1m more than buyers in their lifetime, research finds

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The truth behind the numbers Renting for an entire …

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