Rents in Cornwall are rising, but not as steeply as in other parts of the UK, easing some pressure on local renters.
Cornwall: Rents are climbing here, but the pace is a bit slower than in other areas. The average rent in Cornwall hit £943 a month recently, which is up by 8.2% from last year. That’s about £72 more each month.
In comparison, renters across England faced a bigger jump, with average rents soaring by 9.2%. That means folks had to cough up an extra £115 monthly. It’s a tough situation for many.
Looking back, rents in Cornwall were just £679 a month a decade ago. If they had kept up with inflation, they’d be around £920 now. So, while things are getting pricier, it’s not as bad as in some other places.
For instance, in Brent, London, rents skyrocketed to £2,111 a month, a whopping 26.8% increase. That’s an extra £447 for renters there! Newport in Wales and Slough also saw significant hikes.
Tom Darling from the Renters’ Reform Coalition pointed out that while the Renters’ Rights Bill is a step forward, it doesn’t fully tackle the affordability crisis. He’s calling for more action to help renters who are feeling the pinch.
Polly Neate from Shelter echoed these concerns, highlighting that many renters are being forced out of their homes due to rising costs. She believes the new bill could be a game-changer, but it needs to ensure that rent hikes are kept in check.
So, while Cornwall’s rent increases are more manageable, the overall housing situation remains a hot topic. It’s clear that renters everywhere are looking for solutions to keep their homes affordable.
