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Apartment REITs: Rent Inflation Isn t Going Away

Transcripts for BBCNEWS Breakfast 20240604 05:20:00

asjon says, do get in touch. now, back to business. higher rents, bidding wars and fewer available properties. it s really tough at the moment for renters. ben can tell us what s going on. good morning to you. we are all feeling the cost of living pressures, and there are worries that renters, people paying to live in their home, are being hit harder than most because of a bit of a perfect storm of different factors. let me explain the detail of that. a very good morning. in england, nearly 40% of households are paying to live in their home, paying rent. about a third own the place outright, and the remaining third pay a mortgage. about 4 million people live in social housing, and more than 4 million rent from private landlords. but like everything, the cost of renting has gone up. the national average asking rent, and this covers all property types, is at the highest ever level, outside london it has gone up 11% in the past year to nearly £1100 per

Apartment REITs: Roaring Rents And Record Inflation

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