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Tenants See 2.1% Annual Rise In Rent, Says Ons

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http://www.bbc.co.uk/news/business-32446106

The cost of renting a home from a private landlord in Britain rose by 2.1% in the year to the end of March, official figures show.

Tenants in England and Scotland saw an identical rise, but the increase in Wales was slower, the Office for National Statistics (ONS) said.

On a regional level, the sharpest rise - of 3.2% - was in London.

The slowest was a 0.4% increase in the North East of England, as well as Yorkshire and the Humber.

"We have a chronic shortage of housing in the areas where jobs are being created, so rents continue to rise as supply fails to meet demand," said Matt Hutchinson, director of flat and house share site SpareRoom.co.uk.

The cost of renting a home from a private landlord in Britain rose by 2.1% in the year to the end of March, official figures show.

Tenants in England and Scotland saw an identical rise, but the increase in Wales was slower, the Office for National Statistics (ONS) said.

On a regional level, the sharpest rise - of 3.2% - was in London.

The slowest was a 0.4% increase in the North East of England, as well as Yorkshire and the Humber.

"We have a chronic shortage of housing in the areas where jobs are being created, so rents continue to rise as supply fails to meet demand," said Matt Hutchinson, director of flat and house share site SpareRoom.co.uk.

Rent doubling every 33.3 years?

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I'm not surprised that there's some rent inflation. All of those who are priced out of the market, wages will simply be sucked into the Ricardian law of rent.

This supports house price increase due to increasing rents, and prices more and more out.

For the good of the country BTL must be taxed heavily and discouraged.

Council house must be built to home those who will never be capable independently acquiring reasonable accommodation.

The conservatives should be hung from London Bridge.

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Actually looking within 3 mile radius of here there are dozens of empties to-let. Wouldn't fancy being leveraged or an 'accidental on purpose' landlord. The decent properties may be commanding their rent, but I bet some are staying empty for months.

I guess the more people buy-in to buy-to-let the more the rental makret saturates with supply until the eventual rent deflation begins. The rental market (Mainly under 35's) is very flexible with people sharing houses/rooms/beds.

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