3 Jun

Rental sector prices rising in England and Wales

Rental sector prices rising in England and Wales

The past two years have seen the buy-to-let market in the UK grow time and time again, and this is a trend that is continuing at the moment with monthly charges to tenants on the increase.

According to the latest data released by the Valuation Office Agency, rents have increased by 2.7 per cent so far this year, which is good news for property owners.

However, this level is below overall inflation, with CPI sitting at 2.4 per cent and RPI at 2.9 per cent.

The British Property Federation (BPF) said that this shows the need for more homes to be built across the country in order to meet the demand that is currently in evidence.

Ian Fletcher, director of policy at the BPF, said: "If we are to make headway in housing the nation we must look at a range of ways of housing the population. The government appreciates the contribution that build to rent can make, and has offered it support with a range of measures."ADNFCR-1222-ID-801593564-ADNFCR

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