Tenants in Britain last month were hit by the highest increase in rents for any November in at least a decade.
Rents on new tenancies rose 10.2% year-on-year, according to the estate agent Hamptons, which is the strongest growth recorded in any November since its records began in 2014.
This increase means people paid a record £85bn in rent this year, Hamptons estimates.
Its latest monthly lettings index shows that the total rent bill has doubled since 2010, when tenants stumped up just over £40bn, as high house prices and mortgage costs made it harder for younger adults to buy a home.
The increase over the last 13 years is driven by a 25% increase in the number of households renting, as well as the rise in rents, Hamptons says.
“Strongest growth” lol, get fucked rentoids.