6th
Aug 2024
The director of an online rental flat share agency states the reason why renters are not going away on holiday because of rent rises being too high.
The director claims that data from the company’s survey found 75% of tenants who took part said higher rents is making it extremely difficult to afford a Summer holiday.
Around 72% of respondents said they are having to take less holidays this year because of lower disposable income and 43% said may not be able to fund a holiday this year.
However the firm has not disclosed how many took part in the survey.
It also says that 94% of tenants said they have been financially hit by the higher rent costs as the director says the average UK monthly room rent stands at £740 and in London it is £983 and it is of no real surprise that renters have less money for holidays.
The director says: “It’s been a tough time for renters over the last couple of years, as rental costs have continued to climb. The prospect of a summer holiday has probably never been more appealing, especially with the wet ‘summer’ weather we’re having, but for many renters, that’s far from a given.
“Ironically, one of the key factors contributing to rising rents is the fact that landlords are leaving the residential market, while the number of holiday lets in the UK has skyrocketed. With a new government taking over, it’s about time the current housing crisis was addressed, or renters will be looking to move to other countries for cheaper rents, not holidays.”
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