UK rents are predicted to rise by around 25% over the next five years, faster than house prices, due to landlords scaling back their portfolios on account of the stamp duty rise and tougher mortgage rules. The average rent for a one-bedroom flat in London is expected to increase from £1,050 this year to £1,150 in 2021, according to research published today by property website Rightmove.
UK rents are predicted to rise by around 25% over the next five years, faster than house prices, due to landlords scaling back their portfolios on account of the stamp duty rise and tougher mortgage rules. This will leave fewer properties to chose from, which is likely to push rents up further, according to a survey by The Royal Institution of Chartered Surveyors.