Benham and Reeves lettings agency has claimed that rents across Britain have surged by as much as 17.4% since Labour began the Renters Rights Bill’s passage through Parliament. Rent in Newport in Wales has seen the sharpest increase, with the average monthly rent rising from £782 to £918 in just seven months.
The Bill is likely to become law next month.
The latest data highlights how the ongoing imbalance between supply and demand continues to drive up rental values alongside growing numbers of landlords choosing to exit the market in response to yet another wave of legislative reform.
