The crisis in renting in the UK right now means bidding wars, living with mould and damp, personality contests and skyrocketing rent. But why is the rental market so bad in Britain and is this the worst time ever to rent?
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For the millions of people who rent privately in the UK, you may have noticed it feels harder than ever right now.
Or as one renter we spoke to told us - “It’s basically like the Wild West.”
We put a message out online and were inundated with replies about rent hikes, mouldy homes and impossible flat hunts.
Demand for rental properties is rising, but the supply of homes for rent is shrinking and the cost of monthly rent has increased by the highest rate on record.
We look at all of these issues and explain why they’re happening in the UK right now.
Producers: Frances Rankin & Milena Dambelli
Executive Producer: Kieron Bryan
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Facebook - https://www.facebook.com/Channel4News/
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[Subscribe: https://bit.ly/C4_News_Subscribe]
For the millions of people who rent privately in the UK, you may have noticed it feels harder than ever right now.
Or as one renter we spoke to told us - “It’s basically like the Wild West.”
We put a message out online and were inundated with replies about rent hikes, mouldy homes and impossible flat hunts.
Demand for rental properties is rising, but the supply of homes for rent is shrinking and the cost of monthly rent has increased by the highest rate on record.
We look at all of these issues and explain why they’re happening in the UK right now.
Producers: Frances Rankin & Milena Dambelli
Executive Producer: Kieron Bryan
-----
Follow us:
Facebook - https://www.facebook.com/Channel4News/
Twitter - https://twitter.com/Channel4News
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