UK Rents to Rise 25% by 2026 as Landlords Pass On Mortgage Costs
09/11/2023 06:34
Britain’s tenants are feeling much more pressure from soaring interest rates than the rest of the housing market.
Britain’s tenants are feeling much more pressure from soaring interest rates than the rest of the housing market.
Rents are set to rise 25% over the next four years as landlords pass on extra costs from pricier mortgages and tougher regulation, according to a report from broker Hamptons International. Meanwhile, house prices — which are declining at the fastest pace in 14 years — are set to drop 5% over the same period when adjusted for inflation, Hamptons said.
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UK Rents to Rise 25% by 2026 as Landlords Pass On Mortgage Costs