More people in the UK are renting, and they're paying a growing share of their income to do so. Rents reached 36.1% of average earnings in March 2025 - their highest level on record - according to the latest detailed annual review produced by the Chartered Institute of Housing. Demand for private rentals increased during the COVID pandemic and continued to rise as higher inflation and interest rates from 2022 made homeownership less affordable. At the same time, the supply of new rental

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