In May, Barclays reported a 6.3% year-on-year increase in rent and mortgage spending, up from 3.6% in April.
Barclays found that spending on rent and mortgages increased by 6.3% year-on-year in May, faster than the 3.6% rise recorded in April. The data was gathered from direct debits and bank transfers to mortgage lenders and private landlords within Barclays' current account transactions. Although housing costs have risen compared to 2023, the monthly change is minimal, suggesting consumers may not feel significantly more financially strained.
June 06, 2024
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