UK rent rises forecast to outpace wage growth for three years
Average 13% increase by 2027 will put millions of households under further pressure, says thinktankRent rises in Britain are forecast to outpace wage growth, despite having already surged at the fastest pace on record after the Covid pandemic and the cost of living crisis.The Resolution Foundation expects added pressure on millions of households and said average rents could increase by 13% over the next three years as current high growth in the private rental market work their way through existing tenancies. Continue reading...
Average 13% increase by 2027 will put millions of households under further pressure, says thinktank
Rent rises in Britain are forecast to outpace wage growth, despite having already surged at the fastest pace on record after the Covid pandemic and the cost of living crisis.
The Resolution Foundation expects added pressure on millions of households and said average rents could increase by 13% over the next three years as current high growth in the private rental market work their way through existing tenancies. Continue reading...
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