Knight Frank’s Prime Global Rental Index, which measures the performance of prime residential rents across 17 cities worldwide, rose by 4.8% in 2013.
The performance of the world’s prime rental markets is intrinsically tied to the health of each city’s respective employment market, in particular the business and financial services sector.
MPs have passed the first stage of a bill calling for greater protection for private rented sector tenants.
The bill was introduced by back bench Liberal Democrat MP Julian Huppert and called for the housing ombudsman to be given powers to oversee private landlords.
UK homeowners spend an average of £41,900 on rental payments before buying their first property, according to new research from Santander Mortgages.
On average, homeowners who rent prior to buying spend seven years as a tenant before getting onto the property ladder, rising to 11 years or more for 15 per cent of these homeowners.
Wealthy tenants are being offered the chance to rent a five-bedroom luxury mansion in Mayfair – for £65,000 a month.
The six-storey Grade II listed Georgian property offers 8,346 sq ft of high-end accommodation, including its own gymnasium and wine cellar, staff quarters, and reception rooms decorated with silk wallpaper and Ralph Lauren fabrics. At 1,500 sq ft, the master bedroom alone is the size of many Londoners' homes.
Average advertised rents in Great Britain started the New Year with a £7 (0.77%) increase in January.
Scotland led the pack, ahead of London, having experienced the biggest growth in asking rents with an average increase of £16 (3.57%) in January. The average rent in the region now stands at £676 per month.
The number of tenants in England and Wales forcibly evicted from their homes last year after court action reached a record high.
Some 37,739 private and public sector tenants had their homes repossessed by court bailiffs in 2013, according to figures from the Ministry of Justice.
That is the highest number since records began in the year 2000.
As energy prices increase, a growing number of people are choosing to steal their gas and electricity.
For some it comes down to being cash-strapped, but others are prepared to cheat the system whilst also endangering the lives of neighbours.
A big landlord's decision to reject housing benefit claimants is the latest symptom of a trend that could see the low-paid excluded from whole areas of the country, says a leading charity.
Britain is witnessing the emergence of "benefit blackspots" as welfare claimants are forced to move out of the towns of their choice after being evicted from rented housing by private landlords.
The cost of renting is astronomical in the UK, but is New York any better than London? Do the Germans really have it easier than the Brits?
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