Rents will also rise more than four times more than house prices between 2023 and 2026
But based on Bank of England forecasts, average salaries will only go up 15 per cent over that period.
“A build-up of long-term supply issues combined with soaring landlord costs is putting upward pressure on rents,” she said. Hamptons has also said that it expects house price falls to stop in 2024 and forecasts the market will see flat prices next year followed by a 3 per cent increase in the last quarter of 2025 and 5 per cent increases the year after.
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