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'A home of our own seems a pipe dream now' - Tenants suffer as landlords push rents to new high

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'A home of our own seems a pipe dream now' - Tenants suffer as landlords push rents to new high - UK - tenant - landlord


Rents have hit a new high after a fifth straight month of rises in August as landlords continue to benefit from exceptionally high demand as people are priced off the property ladder.



Typical monthly rents rose 2.9 per cent year-on-year to reach £734, surpassing a previous peak of £725 recorded in July, according to lettings network LSL Property Services.

A fresh wave of graduates starting new jobs ramped up demand further as rents rocketed to record highs in five regions across England and Wales - in London, the South East, the East, the North West, and Yorkshire and the Humber.





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