28% of renters haven’t seen a rent rise in over a year

New research* from landlord insurance specialists Cover4LetProperty has revealed that nearly a third of the adult population (31 per cent) are now living in private or social rented property – a seven per cent decrease since April 2017.

The data showed that:

  • 28 per cent of private renters said their last rental rise was over a year ago;
  • Eight per cent said their last rent increase was within the last six months;
  • 29 per cent of renters reported that at their last rent rise, the amount increased by up to five per cent;
  • 11 per cent saw a rise of between 6-10 per cent.

The research also revealed that:

  • Slightly more women (34 per cent) live in rented accommodation compared to men (28 per cent);
  • Eight per cent of Brits live with friends and family;
  • Six per cent of respondents had recently moved back home citing “financial reasons”;
  • more than one in five Brits (22 per cent) living at home do not pay rent.

*Independent study carried out for Cover4LetProperty October 2017 by Usurv