UK rent rises forecast to outpace wage growth for three years

Average 13% increase by 2027 will put millions of households under further pressure, says thinktank

Rent rises in Britain are forecast to outpace wage growth, despite having already surged at the fastest pace on record after the Covid pandemic and the cost of living crisis.

The Resolution Foundation expects added pressure on millions of households and said average rents could increase by 13% over the next three years as current high growth in the private rental market work their way through existing tenancies.

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Most young adults in UK are anxious about jobs and the economy, research suggests