Rents have been increasing sharply, say three different reports.
According to the Deposit Protection Service, average rents rose 1.79% in the second quarter of this year compared with the first three months.
The increase between April and June is the first ‘significant’ uplift in rents for almost two years, said the DPS.
Daren King, head of tenancy deposit protection at the DPS, said: “The increase in rents during the second quarter of 2019 is striking, after a prolonged period of stagnation in the market.
“Many commentators predicted that the tenancy fees ban would drive up rents as letting agents and landlords looked to alternative sources to cover costs but, with the ban coming in late in the quarter, it’s too early to say whether it is behind the hike.”
According to the DPS, rents in London during the second quarter were £1,319, and outside London £673.
On average, says the DPS, UK renters are spending 32% of their wages on rent.
Meanwhile, tenancy referencing firm HomeLet says that UK rents have risen 13.9% in the last five years, and that the average newly agreed rents in June were 1.8% higher than a year ago.
There were rises in all 12 regions.
The third report, from franchise chain Belvoir, says that on average rents handled by its outlets are up by 5% on last year.