Rental Costs Continue Rising

A new survey by the Royal Institute of Chartered Surveyors (RICS) has found that the cost of renting in the UK has continued to rise in the past quarter.

42% more surveyors had reported a rise in the cost of rent than those who had found it falling. 33% of surveyors also expect rent to increase than those who expect it to fall.

“Although we are beginning to see more mortgages aimed at first-time buyers, many potential homeowners are still restricted from getting a foot on the property ladder, leading to increased demand in an already oversubscribed rental market,” said Rics spokesman James Scott-Lee.

 

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