Gloomy forecast for tenants as rent rises set to speed up

The report warned that rent increases are spreading across the United Kingdom, but the level of concern differs according to where tenants are searching. "In little costly areas, renters person much capableness to sorb rent rises earlier hitting an affordability ceiling, whereas successful the astir costly areas, rents are already stretching what renters tin pay, capping however overmuch further rents tin increase," the study said. It forecast a further acceleration in rent growth to 4% or 5% by the extremity of the year, although that pace remains roughly in line with the average annual rise in workers' earnings. New supply of rental properties coming onto the market remains "still muted arsenic a effect of higher costs and much regulation", Zoopla said. Nathan Emerson, main enforcement astatine Propertymark, which represents lettings agents, said the study underlined the request for much high-quality rental homes. "A sustainable backstage rented assemblage requires the close conditions for liable landlords to put for the agelong term," helium said. "Increasing proviso indispensable stay a precedence if we are to springiness tenants greater choice, amended affordability and make a much unchangeable rental market."