Two million UK tenants could be hit with rent rises in 2018

rents in private rented sector
2 million tenants could see rent rise 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/

 

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