Renters are significantly worse off today than they were a decade ago as salaries have failed to keep up with ballooning rental costs.

Last month, tenants’ gas and electricity bills peaked at the highest level for seven years.

Rents rose 9% on average in the UK in Q1 2024 compared to the same period in 2023, according to the latest data released by flatshare site, SpareRoom.

There has been a 10% rise in the number of tenants signing a tenancy agreement in March compared to February, according to Chestertons latest data.

Payslip fraud has been found to be the most common way tenants try to trick referencing systems.

New research has revealed that the percentage of tenants choosing to live alone reduced by 8% between 2021 and 2023.

The majority of UK tenants are at the very limit of what experts believe is ‘affordable’, according to new research.

Tenant demand for rental homes climbed by +1.5% during the first quarter of 2024, with almost a third of all homes listed for rent already being snapped up by renters.

The rental market is straining under the pressure of high tenant demand which has seen rental costs spiral in recent years.

The gap between the monthly cost of homeownership and renting has shrunk to its lowest level since 2019.