This article is more than 7 years old
Average monthly London rents hit £1,500 for first
time, says survey
Latest figures for HomeLet rental index suggest 12.5%
increase in average rents across the country, with tenants in the capital hit
hardest
Lisa O'Carroll
@lisaocarroll
Mon 15 Jun 2015
22.40 BST
https://www.theguardian.com/money/2015/jun/15/london-rents-homelet-survey-housing-crisis
The cost of
renting property is spiralling out of control with the average price of a flat
or a house in London now hitting £1,500 a month, a survey has shown.
According
to data collected by HomeLet, rents have shot up 12.5% across the country with
tenants on average asked to fork out £751 a month outside the capital.
Its survey
also shows rental costs over the past three months has gone up five times
faster than tenant income.
The sharp
rise in figures since the election will add to the pressure on workers who find
themselves locked out of the first-time buyers market because they don’t have
enough disposable income to save for the hefty deposit banks require before
approving mortgages.
Only three
regions in the country have shown a decline in rental prices – the north west,
east Anglia and Yorkshire and Humber.
The spike
in rental reflects the general crisis in the UK with a shortage of housing
pushing the cost of buying a property beyond the reach of many first-time
buyers.
This in
turn has created an overheated demand for rental properties, says HomeLet.
The charity
Money Advice Trust says the spiralling costs are of concern.
“The
proportion of calls we were getting on rental arrears in 2010 was 6.6%. This
year so far it’s 11.4%, so that’s a doubling,” said a spokeswoman. “It’s both
in the public and private sector.”
HomeLet’s
surveys are based on 13,000 tenant reference applications last month, 3,000 of
which were in London.
The
increase over the past year is five times greater than it was two years ago
when the year-on-year increase was 2.6%.
Sem comentários:
Enviar um comentário