Renters Will See The Amount Spent On Rent Grow Faster Than Earnings In The Years Ahea

The Caithness Business Index has posted the following article:

Renters Will See The Amount Spent On Rent Grow Faster Than Earnings In The Years Ahead, Even As The Surging Cost Of New Tenancies Cools

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Britain's recent exceptional surge in new tenancy rent levels - up by almost a fifth over the past two years - is coming to an end, but average rents could rise by 13 per cent over the next three years, as today's high market rates work their way through existing tenancies, says new Resolution Foundation research published today (Monday 8 April 2024). Through the roof - Recent trends in rental price growth examines what lies behind the recent rents surge, sets the record straight on some commonly-suggested causes, and shows what this could mean for the coming years. [Read Full Article]