AVERAGE rents could surge by 13% over the next three years, piling more pressure on cash-strapped tenants.
Despite millions already facing sky-high costs, a leading think tank warns today there are "significant housing cost rises yet to come".
After the fastest-ever rises in recent years, new tenancy costs are already up by 18% since January 2022.
The Resolution Foundation reckons in three years, average rents would have risen by more than 13%. This would far outstrip the expected pay growth.
This story is from the April 08, 2024 edition of Daily Mirror UK.
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This story is from the April 08, 2024 edition of Daily Mirror UK.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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