{"id":1579,"date":"2016-11-07T12:00:44","date_gmt":"2016-11-07T12:00:44","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1579"},"modified":"2023-09-26T15:21:03","modified_gmt":"2023-09-26T14:21:03","slug":"tenants-dilemma-steep-rent-rises-no-property-ladder-sight","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/07\/tenants-dilemma-steep-rent-rises-no-property-ladder-sight\/","title":{"rendered":"The tenant\u2019s dilemma: Steep rent rises and no property ladder in sight"},"content":{"rendered":"<p><strong>Over the next five years, rents will rise steeply due to the Government\u2019s decision to fight buy-to-let landlords at all costs, estate agencies are forecasting.<\/strong><\/p>\n<p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/02\/rentals-south-east-outperform-london\/\" target=\"\" rel=\"noopener\">Londoners will face<\/a> a 25% increase in rents over the next five years, Savills has said. Across the rest of the country, renters won\u2019t do an awful lot better as they may face a predicted increase of 19%.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"zgxKSDr7Ne\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/04\/uk-housing-market-remain-strong-brexit\/\">UK housing market to remain strong through Brexit<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;UK housing market to remain strong through Brexit&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/04\/uk-housing-market-remain-strong-brexit\/embed\/#?secret=uSeHjlnKOn#?secret=zgxKSDr7Ne\" data-secret=\"zgxKSDr7Ne\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Rental growth will &#8211; by far &#8211; oustrip <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/03\/will-house-price-growth-continue-post-brexit\/\" target=\"\" rel=\"noopener\">house price growth<\/a> due to Brexit uncertainty, the estate agent warned.<\/p>\n<p>\u201cThe rental growth is largely driven by the mismatch between supply and demand,\u201d said Lucian Cook, director of residential research.<\/p>\n<p>JLL, yet another group of estate agents, predicted an increase of 17.6% across the country over the next five years, with London\u2019s rents rising by 19.9% over the same period of time.<\/p>\n<p>Savills explained that, according to their research, the number of mortgaged <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/02\/buy-let-landlords-listen-top-spots\/\" target=\"\" rel=\"noopener\">buy-to-let landlords<\/a> purchasing new homes is set to drop by a third (to 80,000) before recovering slightly to 90,000 by 2021.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"b1a723JF1i\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/30\/greedy-sellers-keep-property-market-extra-month-especially-london\/\">Greedy sellers keep property on the market for an extra month, especially in London<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Greedy sellers keep property on the market for an extra month, especially in London&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/30\/greedy-sellers-keep-property-market-extra-month-especially-london\/embed\/#?secret=ruHZRYQrVW#?secret=b1a723JF1i\" data-secret=\"b1a723JF1i\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Annually, house prices increased by 8% in August across all of the UK, and by 12.1% in London, data from the Office for National Statistics showed. For 2017, however, Savills predicts a flattening of prices in both the capital and Britain overall.<\/p>\n<p>\u201cWe think sentiment will be affected as there is more of a realisation of what Brexit means for earnings, for the economy and for employment,\u201d Mr Cook said.<\/p>\n<p>Whilst different agencies predict different levels of growth and weigh the influence <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/06\/26\/manchester-meets-brexit-five-property-expert-opinions\/\" target=\"\" rel=\"noopener\">Brexit will have<\/a> on the property market in the coming years, the overall sentiment remains the same; a slowdown of growth and then a slow but sturdy recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the next five years, rents will rise steeply due to the Government\u2019s decision to fight buy-to-let landlords at all costs, estate agencies are forecasting. Londoners will face a 25% increase in rents over the next five years, Savills has said. Across the rest of the country, renters won\u2019t do an awful lot better as<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/07\/tenants-dilemma-steep-rent-rises-no-property-ladder-sight\/\" title=\"ReadThe tenant\u2019s dilemma: Steep rent rises and no property ladder in sight\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,6],"tags":[22,36,185],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1579"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=1579"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1579\/revisions"}],"predecessor-version":[{"id":6096279,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1579\/revisions\/6096279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4646"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=1579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=1579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=1579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}