the uk is also a lot of talk about the spiralling cost of mortgages as inflation rates continue to rise. but more people in britain actually rent their homes. and increasing rents mean many are spending much more of their wages and rent than in the past ten years. a cost of living corresponding to the letter smith has more. this is a two bedroom unfurnished terraced property. very popular because of its distance to the city centre. here in work like so many towns and cities, rents are skyrocketing. and cities, rents are s rocketinu. ., ., skyrocketing. before covid it would have skyrocketing. before covid it would have been skyrocketing. before covid it would have been 950 - skyrocketing. before covid it would have been 950 per - would have been 950 per calendar month. we are expecting it to go on the market for 1100. it is not the landlords profiteering from high rents, the cost to the landlords have increased quite significantly, and those costs are being passed on. the trouble
unfurnished terrace property, very popular because of its distance to the city centre. here in york, like so many towns and cities, rents are skyrocketing. before sort of covid, it would have been 950 per calendar month. we re expecting it to go on the market, £1100, something like that. it s not the landlords profiteering from high rents. the costs to the landlords have increased quite significantly, and those costs are being passed on. the trouble is, wages haven t grown to match. so that s why rent is eating up more of people s incomes than at any point in more than a decade. you can see the decorators are busy in here freshening it up before it goes back on to the market. karen knows this place will be snapped up in a flash. there are so many renters chasing each home. that is what hammer has been
any other point in the past decade. rental prices have risen particularly fast in london, edinburgh and glasgow, but as you can see across the uk the burden on renters is rising rapidly, as our cost of living correspondent, colletta smith, reports. so what i m taking you to see now is a two bedroomed unfurnished terrace property, very popular because of its distance to the city centre. here in york, like so many towns and cities, rents are skyrocketing. before sort of covid, it would have been 950 per calendar month. we re expecting it to go on the market, £1100, something like that. it s not the landlords profiteering from high rents. the costs to the landlords have increased quite significantly, and those costs are being passed on. the trouble is, wages haven t grown to match. so that s why rent is eating up more of people s incomes than at any point in more than a decade. you can see the decorators are busy in here freshening it up before it goes back on to the market.
been 950 per calendar month. we re expecting it to go on the market, 1100, something like that. it s not the landlords profiteering from high rents. the costs to the landlords have increased quite significantly, and those costs are being passed on. the trouble is wages haven t grown to match. so that s why rent is eating up more of people s incomes than at any point in more than a decade. you can see the decorators are busy in here freshening it up before it goes back on to the market. with so many renters after each home, karen knows this place will be snapped up in a flash. have you ever seen rent increase by this much before? no, i haven t. it s not normal, but it may be how it s going to be for the future. well, i chose to stay in york.. and that s exactly the crunch hannah has been caught in. itjust feelsjust quite discouraging and quite nerve wracking, especially when you have a job lined up that you need to start. she s beginning a new post as a teacher in september, but finding