RICS predict that rents could increase by a fifth in the next few years. In association with the National charity Crisis they see real difficulties ahead for those on low incomes and a huge social dilemma looming unless the Government acts now. Many Landlords have already stated that they would be happy to rent their property to those most in need if there were to be assurances given regarding deposits and guarantees on rents but so far no clear strategy has emerged. Theres a shortage of about 1.8 million homes in the UK and over 80% of those landlords questioned said that they had no immediate plans to expand their portfolio until some new incentives were provided.
Home RICS survey predicts large rent increases.