London renters aren't the only people facing rising prices. Newly let homes outside of the capital have passed £1,000-a-month for the first time.
The average price for newly let properties outsidehas passed the £1,000-a-month milestone for the first time, according to property agent Hamptons.
Brits are now paying £125 or 11.1% more monthly, compared with 2022, equating to an extra £1,500 more per year.Here are average monthly rents on newly let properties in April 2023 and the annual increase in percentage and cash terms, according to Hamptons:South East, £1,326, 8.1%, £99Wales, £766, 3.7%, £27This comes as Michael Gove is expected to bring his Renters’ Reform Bill before MPs, more than four years after initial consultations.
In theory, it could represent the biggest shake-up of the private rented sector in a generation, but there is speculation some Tory MPs see the legislation as being too harsh on landlords.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Renters slam £650pm London one-bed with 'flatmate living in tent' in front roomIf you're okay with having a flatmate living in a tent, this may be the perfect flat for you.
Read more »
London Underground: Tube noise concerns raised by London AssemblyCross-party City Hall politicians want more data on Tube noise to assess long term health impacts.
Read more »
Sadiq Khan: Affordable new homes target for London met'The current system is not working. That's why we need a combination of more investment from the government to build more generally affordable homes, but also a change when it comes to reforming renters' rights so they've got more protection.'
Read more »
The Super Mario Bros. Movie will be released digitally this week in the US | VGCThe Super Mario Bros. Movie will be released digitally this week in the US. Fans can buy or rent the film starting on May 16
Read more »
Helen Mirren's old red carpet dresses now available to rent from just £8Ever wanted to wear a red carpet approved dress? Rental website By Rotation has got you covered, as you can now rent Dame Helen Mirren’s old red carpet gowns for just £8 per day
Read more »
Leeds fashion retailer plays key role as cultural celebration hosts first event outside LondonA week celebrating diversity and cultural heritage is coming to Leeds as it hosts an event outside of London for the first time.
Read more »