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International Business Times UK
International Business Times UK
Tahlia Kraefft

London Rent To Increase 13% in Next 3 Years; Officials Want Better Protection of Renters

London The Resolution Foundation United Kingdom
Colourful Houses in Notting Hill, London, England, UK (Photo by AXP Photography/ Pexels)

London's rental crisis will worsen as monthly payments in the UK are expected to further increase in coming years, outstripping any growth in earnings, a prominent think tank warns.

The Resolution Foundation anticipates millions of households will experience further strain as rents are likely to increase by 13 per cent in the next three years.

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