The co-founder of a property listings website claims the
UK’s private rented sector is a “ticking time bomb”, with tenants’ ability to
absorb rent increases at breaking point. Consistent rent rises in the UK
housing market have put immense financial pressure on tenants, with renters in
popular areas such as London now shelling out over two thirds of their average
income on rent.However, despite tenants’ budgets already being stretched to the
limit, they now face even further price rises as droves of Buy To Let landlords
pass on the costs of tax changes and new Government legislation in the form of
rent rises. But research carried out for TheHouseShop.com claims that almost
half (42%) of private renters would not be able to afford an increase of up to
5% in their monthly rent costs. Read more on the Housing Excellence website.
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