Tenants face having to find extra £1,000 for 2022 rent and bills

Posted: March 25th 2022


This story, filtered through the lens that it is more expensive to live in rural setting in terms of both rent and utilities is worrying. There is strong evidence that the quality of housing impacts on the mental health and well-being of residents. It tells us:

Tenants already struggling with the cost of living crisis typically face having to find an extra £1,000 this year to cover higher rent and essential bills, research shows.

The estate agent Hamptons said tenants’ finances faced a record squeeze as higher rents and energy bill increases combined to pile more pressure on households in Great Britain.

Recent research from other property firms such as Rightmove has already shown that rents have been rising at their fastest rate on record as tenants making plans for a post-pandemic life jostle for properties. In its latest monthly lettings index, Hamptons said this strong growth led to the average household in Great Britain spending 42% of their post-tax income on rent in 2021 – the highest proportion since its records began in 2010.

When other costs such as gas, electricity, council tax, broadband and a TV licence were included, it meant a typical household spent 52% of their post-tax income on rent and bills in 2021.