UK rents soar at fastest pace on record as tenants face ‘rental cost crisis’

Get your free Morning Headlines email with news from journalists around the world Sign up for our free morning headlines email The cost of renting in the UK is growing at the fastest rate on record as the property market continues to be affected by tight supply and rising interest rates. The Office for National … Read more

Workers on Spanish island popular with Brits sleeping in cars due to high rents

MADRID – British tourists staying in hotels in the Balearic Islands may be blissfully unaware that for many Spaniards working in the tourism industry, just paying rent is a struggle. Renting a two-bedroom house in Mallorca, Ibiza or Menorca requires almost half (48.8%) of the average household income. Palma, the capital of Mallorca is Spain’s … Read more

Rents surge across Indian cities, up 17% year-on-year, with Gurgaon rents soaring 31%: report

Real estate platform Magicbricks launches flagship Rent Updates (October to December 2023), rents in 13 major cities in India increased sharply by 17.4% year-on-year, with Gurgaon (31.3% year-on-year), Greater Noida (30.4% year-on-year) and Bengaluru (23.1% year-on-year) leading the way. . The report also expects rents to rise 1.6% month-on-month, following a 4.6% month-on-month increase between … Read more