According to the reliable Greycoat real estate agency specialists, rent increases have been happening all across England, and the rural areas are also beginning to feel the burn. On average, private sector tenants are facing a rent hike of up to twenty-seven percent in rural areas and seventeen percent in other areas.
According to a study by the TDS Charitable Foundation, renters all across the board are finding it hard to meet their rent. This organization aims to educate renters on their housing rights and what they should expect from the private rented sector. Despite the housing benefits student tenants get, forty percent of them still need help to pay their rent comfortably.
Students have admitted to having to cut back on utility bills such as clothing, heating, and even food. Property options offered by Greycoat Real Estate for students do come with the utilities they need. The rent hikes have forced some people to downgrade and look for affordable accommodation.
The study showed that over eight percent of renters cannot find suitable homes, while forty-eight percent struggle to get a home they can afford. While there are great housing options from Greycoat Real Estate, people struggling to meet their rent are unable to come up with the deposit needed. This situation has left many renters frustrated with diminished hope of becoming homeowners. A grimmer and saddening picture is that thirty-five percent of renters have resided to the idea that they will be renters for the rest of their lives.
There are a couple of solutions that can relieve the burden of renters;
- Unfreezing of housing benefit rates
- All relevant parties work in harmony to avail suitable and affordable homes.
Greycoat Real Estate has excellent accommodation options suited for people with all types of budgets and preferences.