Cost of renting predicted to surge by as much as ยฃ1,500 in the next year๐Ÿ“ˆ๐Ÿ“…

Cost of renting predicted to surge by as much as ยฃ1,500 in the next year๐Ÿ“ˆ๐Ÿ“…

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 ยฃ12,936 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 ยฃ800 more a year in rent.
This annual cost of renting has already climbed by ยฃ1,032 since this time last year and Ocasa predicts that it could increase by a further ยฃ803 over the next 12 months. This means the average tenant would be required to pay ยฃ13,739 a year to rent a home. To continue reading, please Click Here


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