The cost of renting a home in the UK is rising at a pace that is hard to overstate. In May 2022, the annual rate of rental growth was the fastest ever recorded although still only 2.8 per cent. The figure may not look dramatic but the trend is as important as the raw data. In every consecutive month since then, that record has been broken again, with the data for this July showing rent increasing at 5.3 per cent a year.
Bull points
- Surging demand for rental homes
- Partnership with TfL
- Potential for higher dividends
- Values are solid despite