For the i - news tomorrow
Flats saw biggest quarterly rise in rents since start of pandemic, amid tenants’ return to London, according to The Deposit Protection Service (The DPS)Average UK rents have increased for the sixth consecutive quarter, according to The Deposit Protection Service (The DPS), whilst also producing evidence that some tenants are paying above the going rate to secure a property.The UK’s largest protector of deposits, which safeguards 1.8m rent securities, says that average rents now stand at £849 a month: a £15 (1.80%) increase on £834 in Q4 2021, and a £49 (6.13%) increase on £800 in Q1 2021.According to the organisation’s quarterly Rent Index, London rents have risen the most in value, increasing £34 (2.46%) on Q4 2021 and £90 (6.79%) since Q1 2021.
My questions: Can this continue? What can young people do? What happened to the move away from London/downsizing. Thanks in advance