However, the survey showed that 56 percent of landlords would allow flexibility in receiving payments from tenants, due to the cost of living crisis.
The report showed that about 35 percent of landlords decided to freeze rents in 2022 due to pressures on individuals’ financial resources.
Among the tenants, the vast majority, at 77 percent, indicated that more needs to be done to control rental prices in the country. United kingdom.
CEO said " Market Financial Solutions"Parish Raja, that the current year was full of challenges, as interest rates rose strongly, and inflation rose to 11.1 percent.
He added that the new research shows that the economic turmoil it is experiencing Britain Landlords are being forced to raise rents, and millions are worried they will not be able to afford rents next year.
He explained that the majority of landlords feel sympathy with the tenants due to the crisis of the high cost of living.
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A report conducted by Market Financial Solutions on an independent survey, which included about 2,000 tenants in the country, stated that about 58 percent of the tenants confirmed the increase in the cost of renting residential units, while the survey showed that about 49 percent of the tenants were concerned about their inability to afford the cost. Rentals next year.
About 48 percent of landlords said that they are forced to increase rent prices due to higher interest rates, which leads to an increase in mortgage payments.
However, the survey showed that 56 percent of landlords would allow flexibility in receiving payments from tenants, due to the cost of living crisis.
The report showed that about 35 percent of landlords decided to freeze rents in 2022 due to pressures on individuals’ financial resources.
Among the tenants, the vast majority, at 77 percent, indicated that more needs to be done to control rental prices in the country. United kingdom.
The CEO of Market Financial Solutions, Paresh Raja, said that the current year was full of challenges, as interest rates rose strongly, and inflation rose to 11.1 percent.
He added that the new research shows that the economic turmoil it is experiencing Britain Landlords are being forced to raise rents, and millions are worried they will not be able to afford rents next year.
He explained that the majority of landlords feel sympathy with the tenants due to the crisis of the high cost of living.