A new report by the UK Housing Federation reveals that rental prices across major British cities have hit record levels, with London seeing an average rent increase of 12% over the past year. The housing shortage, attributed to slow construction and growing demand, is forcing many residents to move out of city centers.
Experts warn that the situation could worsen as mortgage rates remain high and landlords pass on additional costs to tenants. The government has pledged to build 300,000 new homes annually, but progress has fallen short of targets.
The crisis has become a major political issue, with opposition parties calling for rent control and stronger protections for tenants. The rising housing costs are also prompting young professionals to migrate to smaller towns — a trend mirrored in Indian metros like Delhi and Mumbai, where affordability is an increasing concern.
