Great Britain's average rent increased 8% to £1,295/month; Generation Rent calls for government intervention.
Rent prices in Great Britain have surged by 8% over the past year, reaching an average of £1,295 per month. Notably, areas like Reading and Bracknell Forest saw increases of 11%. Generation Rent, a renters' advocacy group, argues that the market is out of control and calls for government action. They urge the inclusion of protections against steep rent increases in the Renters Rights Bill, suggesting caps based on inflation or wage growth.
October 20, 2024
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