© 2020 – 2024 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
Image default
News

Supply shortages and mortgage rate rises push UK rents to highest point ever

Average rental property receives three times more enquiries from prospective tenants than in 2019

  • Business live – latest updates

Private home rents in Great Britain have increased to their highest point on record after shortages in supply and mortgage rate rises combined to push the cost up by 10% over the past 12 months.

The average rent for new properties being put on the market now stands at a record £1,278 per calendar month outside London in the July to September period, according to Rightmove.

Continue reading…

Related posts

Donald Trump arrives in New York for tomorrow’s court appearance – live

AEA3

Ofgem warns suppliers over forcible installation of prepayment meters

AEA3

Some Afghan allies will be left behind, UK defence secretary concedes

AEA3