🇬🇧UK rents reach a new high, averaging £2500 per month for the first time!

In the past few years, rental prices in the UK have been consistently rising. According to data from the Office for National Statistics (ONS), national rents increased by 4.2% in December last year, marking the largest increase on record. The main reason for the continuous rise in rental prices is simply the high demand from tenants, coupled with a lack of sufficient rental properties in the market. The demand for rental housing is expected to continue rising in 2023 as well. According to the latest data from UCAS, the number of Chinese students applying to UK universities in 2022 reached a record-breaking 31,400, with an increase of nearly 200% (193%). Below are the top 6 cities with the highest rental price increases, which are also popular destinations for Chinese students: - Manchester (17.8% increase in annual rent) - Dundee (17.4% increase in annual rent) - Reading (16.6% increase in annual rent) - Luton (16.1% increase in annual rent) - Bangor (15.4% increase in annual rent) - Glasgow (15.4% increase in annual rent)