UK rents skyrocket at fastest rate on record as tenants face ‘cost of renting crisis’

by tylerthe-theatre

27 comments
  1. There need to be checks and balances regarding rent increases. They should be justified. There is a social responsibility on landlords, it is not just an Air BnB type business. Renters wish to rent a home, somewhere they can relax and feel secure. This is not many renters’ experience it seems.

  2. Another line to add to the CV for accomplishments

    “Currently living through a cost of renting crisis”

  3. I’ve kept my tenant’s rent pretty low – £450/month for a two bedroom semi and no intention of raising it with inflation. Comparable properties have shot up to £800/£900 a month around here; there really do need to be rent controls in place.

  4. And neither of the two main political parties is even talking about it.

  5. Why tf is this surprising.

    Increased interest = increased mortgage = increased rent

  6. It’s almost like capitalism is working as intended! Profiting off the proles, of course.

  7. Looking at prices in the UK, hoping to return after living abroad now. In my area 1500 before bills and unfurnished seems the norm. How tf are people surviving?

  8. Pure greed from many landlords here.

    Nothing will change until we build social housing at a much faster rate.

  9. I broke up with my boyfriend over a year ago and I refuse to move out while this fucking shit show is happening. Fortunately we’re still good friends and we have pets and reasons to be ‘together’ still – but the romance is gone and we are absolutely no longer a couple. We’ve both started seeing new people which gets awkward sometimes – neither of us brings anyone home. But man… if I move out my rent will *triple* and I’d go from having a whole house to myself to renting a bedroom in a shared home. What the fuck.

  10. >tenants face ‘cost of renting crisis’

    When can we declare a crisis about the number of crisis’s Britain faces?

  11. It now cost the same to rent a room in someone’s house that it did to rent a two bedroom house 

  12. Landlords: THEYRE PAYING MORE FOR ENERGY AND COUNCIL TAX WHY NOT MEEEEE????

  13. Build fucking council homes!! LOADS of them! High quality that can’t be sold ever.keep them maintained & make them nice places to live.

    Not housing association homes with their multi £100,000 managers but council homes.

    Flood the market. Bring down those 10 year waiting lists & watch private rents collapse. Watch house prices stabilise too as you’re not forcing people to buy homes because suddenly you have long term rental available at reasonable prices where tenants aren’t forced to move every 6 months or thrown out because a landlord is selling up.

    People keep going on about “market forces” & market rates to justify fucking people over. Well let’s fuck the market. 100,000s of new high quality homes, not sold to investors or private equity. FLOOD the bloody market with homes rented out at council rents.

    Watch local areas suddenly get better as people spend the money they’re saving & driving the economy and creating jobs rather than having to pay off some other fuckers mortgage or holiday.

  14. Government needs to step in as this is stupid, no one will live in London soon

  15. It’s neofeudalism, and you’ve got a front row seat, you fucking plebs.

  16. Record immigration last year too, could there possibly be a connection?

  17. The mortgage rate increases will be a large part of this. But doubtful if rents reduce once (if) rates fall. Landlords have seen the ‘ability’ of renters to pay more for the same (or less).

    It’s like the Wild West out there for landlords at the moment – hold people to ransom (of losing their home) and unsurprisingly they pay more.

    But the general problem is that you have here a 40 year policy problem of not building enough houses, RTB, BTL, deregulation of the rental market, increasing interest rates, growing population, terrible planning regime. Rampant profiteering has been engineered into the market.

    The whole pushing back of retirement age has contributed too. Instead of paying into pensions that the government will not allow you to claim (by raising retirement age) people have looked for appreciating assets that they control – namely property.

    I actually don’t blame the landlords – the government and its policies over the last 40 years have created this.

  18. I bought a house last year and was renting for 13 years prior to that. Yesterday I checked the rent prices in my run down little town and I could not believe my eyes! I reset all the filters on rightmove twice, I thought I messed something up. But no… starting from £1200/month and sharply going up – £1300, £1400. What?! How?! For what?

  19. Almost as if making buy to let non profitable could have an impact on the number of properties available to let.

  20. Another one? Just doesn’t end does it, any light at the end of the UK tunnel? 

  21. And…nothing will be done about it.

    In Britain we really are sheep. In France they would be out blockading ports and such. We just grumble but cause most people don’t want to admit they are struggling they just quietly get on with it.

  22. good thing we’re importing a city the size of birmingham every year then isn’t it! and to boot, they are all highly qualified doctors, engineers and lawyers. GDP goes 🆙

  23. My rent is currently half my salary. I’m lucky compared to others I know that are spending 3/4 of theirs on rent. It’s unrealistic. I want to move out the city but trying to find a decent paying job is beyond stressful

  24. Hmm how to control these prices…..

    If only there were council owned properties, where the councils set a rate for their properties, kerbing the private rental market, in turn kerbing the housing price market….

    Oh there was, but the theives in power gave it all to their mates.

  25. I’m exchanging contracts on my first house today. Can’t wait to tell my landlord to fuck right off. My flat is in a sad state of affairs, and the landlord does nothing. Thank fuck I didn’t pay a deposit.

  26. As long as MP’s are allowed to have ‘business’ interests outside of being an MP, then its unlikely we will ever see fair regulation on things like this for example.

    To cure the rot, you need to find the root cause, after all.

Leave a Reply