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Renters despair over cut-throat London market | The Malaysian Insight

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Renters despair over cut-throat London market

Estate agents’ rental boards are placed outside a row of Victorian terraced houses in Lavender Hill in south London. Renters in London are feeling the squeeze of Britain’s cost-of-living crisis as landlords hit by mortgage hikes pass on higher costs to their tenants, pushing up prices to record levels. – AFP pic, April 16, 202

WITH soaring rent prices and cut-throat competition, Cyndi Cheng, 34, thought she would never find a place to rent in London after moving from Hong Kong earlier this year. Her disillusionment is shared by many who have had to act fast and bid high to secure a home in a competitive rental market fuelled by high tenant demand and a dwindling supply.

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