Real Estate
UK Rents to Rise 25% by 2026 as Landlords Pass On Mortgage Costs
- BOE hikes affecting rents more than home values, Hamptons says
- Housing market is under pressure from spike in mortgage prices
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Britain’s tenants are feeling much more pressure from soaring interest rates than the rest of the housing market.
Rents are set to rise 25% over the next four years as landlords pass on extra costs from pricier mortgages and tougher regulation, according to a report from broker Hamptons International. Meanwhile, house prices — which are declining at the fastest pace in 14 years — are set to drop 5% over the same period when adjusted for inflation, Hamptons said.