Two million UK tenants could be hit with rent rises in 2018
New research suggests that two million tenants across the UK could see rent rises this year as 40% of landlords plan to increase what they charge in the private rented sector.
If the data proves accurate then this would translate to rent rises totalling some £46 million a month, according to figures from online letting agent MarkUrMove.
With average rents of just over £900 / month, the company says that a rise of 2.5% would mean tenants paying an extra £23 / month extra, totalling £414 across a typical 18 month tenancy.
Full story available from PropertyWire: https://www.propertywire.com/news/uk/two-million-tenants-uk-see-rents-rise-year-research-suggests/