Cost of renting predicted to surge by as much as £1,500 in the next year📈📅
Following a highly challenging pandemic period, the UK rental market is back on track with the latest data showing that the average UK tenant is now paying £12,936 per year for a rental property.
However, according to research from rental platform, Ocasa, in just 12 months, the average UK tenant could be paying £800 more a year in rent.
This annual cost of renting has already climbed by £1,032 since this time last year and Ocasa predicts that it could increase by a further £803 over the next 12 months. This means the average tenant would be required to pay £13,739 a year to rent a home. To continue reading, please Click Here