🇬🇧Latest Updates on Rent Increases in Various Cities 💰 Take a look inside!

As the demand for rental properties surges, the supply in the UK housing market remains severely limited due to factors such as a shortage of new builds. This has resulted in a significant gap between supply and demand in the rental market, particularly this year, leading to a continuous increase in rental prices. The average rental prices outside of London have reached a new high, averaging £1,172 per month. The latest data shows that by the end of 2022, the average rental increase for newly listed properties is 9.7%. In London, the average rental price is as high as £2,480 per month, with rents in the city center exceeding £3,000 per month. Here are the top 6 cities with the highest rental price increases, which are also popular destinations for Chinese students: 1. Manchester (17.8% annual rental increase) 2. Dundee (17.4% annual rental increase) 3. Reading (16.6% annual rental increase) 4. Luton (16.1% annual rental increase) 5. Bangor (15.4% annual rental increase) 6. Glasgow (15.4% annual rental increase) In summary, housing prices will only continue to rise 😭😭😭