Rob talks about the recent rise in UK rents, which have reached their highest level since comparable records began in 2016, but also highlighting the fact that it does not account for the thousands or millions of years of climate data that have not been recorded...

KEY TAKEAWAYS

UK rents have risen at the highest rate since 2016, indicating a surge in rental prices.

The high demand for rental properties and a decrease in the supply of available properties are the main reasons behind the rent increase.

Landlords are selling their properties due to increased regulations and taxes, further reducing the supply of rental properties.

The North West region of England has seen the highest increase in rental inquiries, followed by Scotland, the South West, the West Midlands, and the East of England.

BEST MOMENTS

"I'm going to take this episode, take this information with a pinch of salt because comparable records only began in 2016."

"When you have got a high demand for something and your supply of that product becomes restricted, then prices are going to go up. Basic economics, that's why we're seeing a surge in rental prices."

"High demand for tenants at the same time as landlords reducing the number of available properties is one of the key reasons behind the rent increase."

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ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

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