Rightmove Highlights the Urgency for More Home Construction to Alleviate Rent Burdens on Tenants

Tuesday, 2 July 2024, 23:01

The latest report from property website Rightmove reveals that rents have hit a new peak, with tenants now facing an average increase of £91 per month compared to the previous year. As rental costs continue to soar, Rightmove emphasizes the necessity for boosting home construction to address the affordability crisis. Increased supply in the housing market is crucial to curbing the upward trend in rental prices and providing relief to tenants.

Daily Mail — Rightmove Highlights the Urgency for More Home Construction to Alleviate Rent Burdens on Tenants

Rightmove Report: Record High Rents

Key Points:

Tenant Burden: Average rent surge of £91/month
Call to Action: Increase in home construction needed

Rents have soared to new highs, posing a significant financial strain on tenants. Rightmove advocates for a proactive approach to address the escalating cost of renting properties.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Rightmove Report: Record High Rents

Key Points:

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