Rent rises set to outstrip house prices

average rents rise
December 2017 saw a marginal increase in average rents in the private rental market

Property agents Savills have forecast that rents across the UK are set to rise much faster than house prices over the next five years.

Whilst house prices will rise by 13%, rents are forecast to increase by 19% between now and 2021. The gap will be more pronounced in the capital, with London rents rising by 24.5% and house prices 10.9%.

Reasons given for the figures are “post-referendum economic uncertainty” and weaker consumer sentiment.

 

Full story available from BBC News: http://www.bbc.co.uk/news/business-37864258

 

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