Renters are increasingly searching the web for the effects of rent arrears, indicating that more are worrying about not being able to afford their repayments.
England’s rental market cooled further in November, with average rents down 3% during the month and the pace of year-on-year increases falling to a new annual low.
With 26 million spare rooms in the UK, flatshare website SpaeRoom argues that if just 1% of them were rented to lodgers, the average rent could be reversed by 7 years.
Confidence in the UK Housing Market remains high as consumers report feeling more positive about their ability to afford rent or mortgage payments despite rising costs.
Signs that the market is beginning to stabilise are growing stronger as new data from SpareRoom highlights that rents are continuing to ease in the capital.