07:28 Friday 17th May 2013
Bigger Breakfast Show
BBC Radio Cambridgeshire
PAUL STAINTON: Interest rates are at historic lows at the moment of course, have been for quite a while. But figures out today show the cost of rent has increased in England and Wales in every region for the first time in eighteen months. The average rent is £736 a month. Adam Kirtley’s here from our Business Unit. Morning Adam.
ADAM KIRTLEY: Morning Paul.
PAUL STAINTON: That’s painful, isn’t it? If you’re having to rent that’s a heck of a lot of cash.
ADAM KIRTLEY: It is. And if you live in London its’ even worse at £1110 a month. That’s a 7.6% rise over the year. Now rents have always been quite expensive in some parts of the country, cheaper in others. But until today, for the last 18 months, there has always been somewhere where you see rents go down, especially in some of the harder up areas. But now it would appear the pressure is so great on housing that everywhere in England and Wales rents are going up. And they’re pretty much all going up by more than inflation, which of course in these straightened times is not good.
PAUL STAINTON: No. Why are they going up? What’s going on? Is it just greedy landlords? Continue reading “And They All Lived Together In A Little Crooked House”