Pressure on renters continues to soar as the number of available properties to let plummets. Monthly rents were at a record high this week, with the average rising 11 percent to £1,088 a month. In London average rents have shot up by 14 percent to £2,195 a month.
And to make matters worse, it is becoming increasingly difficult to find somewhere to live. A new report has found that properties available to rent through agents have halved since 2019.
Greedy landlords are taking advantage of the shortage to bump up the rent for already existing tenants. And many more worry that their rent will go up by hundreds of pounds when their tenancy agreement ends.
Evictions are also up. A staggering 5,890 landlords in England started no-fault eviction court proceedings against tenants between January to March of this year. This is up 41 percent compared to before the pandemic.
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