Cornwall’s rent hikes are slower than the national trend, easing some worries for local renters.
Cornwall: Rents are climbing, but not as fast as elsewhere. The average rent here is £943 a month. That’s up 8.2% from last year, which is £72 more.
In England, the average rent hit £1,369, a 9.2% jump. That’s an extra £115 for renters. It’s tough out there, but Cornwall is faring a bit better.
Ten years ago, renting in Cornwall was just £679. If rents had kept pace with inflation, they’d be around £920 now. So, we’re still below that mark.
The real issue? There aren’t enough homes to rent. Plus, wages are low. Rent takes up about 34% of a typical salary here. That’s a heavy load.
In London, things are wild. The borough of Brent saw rents soar to £2,111 a month, a whopping 26.8% increase. Renters there are feeling the pinch hard.
Newport in Wales isn’t far behind, with an 18.6% rise. Slough and Nuneaton also saw big jumps. It’s a tough market across the board.
Tom Darling from the Renters’ Reform Coalition says the Renters’ Rights Bill is a step forward. But he worries it doesn’t tackle the core issue: high rents.
Polly Neate from Shelter echoes this. She highlights the struggles renters face, with many forced to move due to rising costs. The bill needs to do more.
It’s a challenging time for renters, but at least Cornwall isn’t seeing the same drastic increases as other areas. Let’s hope for some positive changes ahead.
