Why rents will still rise in 2022 — even if house prices fall

3 June 2022

The Times

There was a brief moment when renters — particularly in London and the UK’s other big cities — had the upper hand.

I know because I was one of the small number of people to move back to London from the countryside during the second lockdown, like a salmon swimming upstream. This meant I managed to negotiate a good rent for my one-bedroom flat. Before Covid, it would have cost me a few grand more a year.

That moment has now passed. Rental prices in cities are going through the roof, due to a combination of rising costs and lack of supply sparked by a buoyant sales market, which has pushed many landlords to sell up.

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