Number of UK homes available to rent down by a third
By Colletta Smith & Nicky Hudson & Ben KingThe number of homes available to rent in the UK has fallen by a third over the past 18 months.Lettings agencies typically have 10 rentals compared to over 16 before September 2021, figures shared with the BBC by property website Zoopla show.
"I keep the browser open on Rightmove, Openrent, Zoopla, Facebook Marketplace and there has been nothing," she said. "I'm trying to keep positive but it's difficult.""It made me feel like a lower-class citizen," she said. "Especially when people don't even want to talk to you because you're on benefits."
Zoopla draws its information from listings on its website, which cover 85% of UK properties listed for rent. "But at the same time, we just haven't seen much new investment by landlords in rented housing. And that's creating a real crunch in availability."Though the number of people needing a rental property has soared, landlords haven't able to meet that need.
As well as the mortgage, Mr Valdini has to pay several thousand pounds a year for ground rent, insurance, service charges and agent's fees. He's just put his tenants' rent up to £645 a month. But with private renters spending on average almost a third of their income on rent, Mr Donnell and other experts believe rents can't go on increasing, as people simply won't be able to pay any more.
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