Record rise in cost of rent revealed

The cost of rent being paid by under-45s in Britain has hit a new record high, analysis suggests - (PA)

Younger tenants in Britain have seen their rents rise by a collective £3.5bn to hit a record high in the past year as landlords pass on their mortgage costs, a new survey suggests.

Under-45s are now paying 66 per cent of all rent in Britain, amounting to a record £56.2bn in 2024, according to estate agents Hamptons.