Price of renting a home has rocketed

Research: Despite rental growth across Great Britain peaking over the summer months, an annual growth figure of 7.2 per cent recorded in December 2021 means that rents were rising at around twice the rate recorded in December 2020, according to research by Hamptons.

This compares to a peak of 8.7 per cent in July 2021 and 7.9 per cent in November 2021. For the sixth month running, rents grew faster in the South West (12.8 per cent) than in any other region. The number of people buying to let is also rising. In Yorkshire registrations have increased by 13 per cent in the past year.