Press release -
28% of renters haven’t seen a rent rise in over a year
New research* from landlord insurance specialists Cover4LetProperty has revealed that nearly a third of the adult population (31%) are now living in private or social rented property – a 7% decrease since April 2017.
The data showed that:
- 28% of private renters said their last rental rise was over a year ago;
- 8% said their last rent increase was within the last 6 months;
- 29% of renters reported that at their last rent rise, the amount increased by up to 5%;
- 11% saw a rise of between 6-10%.
The research also revealed that:
- slightly more women (34%) live in rented accommodation compared to men (28%);
- 8% of Brits live with friends and family;
- 6% of respondents had recently moved back home citing “financial reasons”;
- more than 1 in 5 Brits (22%) living at home do not pay rent.
Ends
*Independent study carried out for Cover4LetProperty October 2017 by Usurv
Related links
Topics
- Building, property
Categories
- rental costs
- private rented sector
- rent increases
- private rental sector stats
- let property
About Cover4LetProperty
With roots going back to 1946, our clients can benefit from many years’ experience in the landlord insurance marketplace. We are independent intermediaries and act on behalf of our clients in arranging their buy to let and unoccupied property insurances. Our service includes advising clients on their insurance needs, arranging insurance cover with insurers to meet those requirements and help with any ongoing changes that have to be made to their landlords insurance policies.
Contact: Stella Hulott, Speedie PR, Tel: 01843 831088, email: stella.hulott@speediepr.co.uk
