meta_pixel
Tapesearch Logo
Log in
Money Box

Money Box Live: Renting

Money Box

BBC

Business

4.2825 Ratings

🗓️ 7 December 2022

⏱️ 30 minutes

🧾️ Download transcript

Summary

There are around eight and a half million families who rent - quite a bit more than those who have mortgages - so the rise in housing costs, on top of a cost-of-living crisis, is likely to be causing significant challenges for millions of people. The official numbers from the Office for National Statistics show that, on average, rental inflation is now 3.6%. It's highest in the East Midlands and lowest in London. But companies such as Rightmove, HomeLet and Zoopla report much bigger rate increases of between 9 and 12%. That is likely to reflect the situation that landlords are often not raising rents for existing tenants by very much but when a home changes hands - they may take the opportunity to raise rents much more significantly. In Scotland, emergency legislation was passed which froze most rents until the end of March 2023. So the situation is quite different from the rest of the UK. To guide us through what is happening and what best to do about it are: Aneisha Beveridge, Head of Research at the estate and letting agents, Hamptons, Deborah Garvie, Policy Manager at Shelter England, and Allan Fuller, an independent estate agent.

Presenter: Adam Shaw Producer: Amber Mehmood Editor: Jess Quayle

(First broadcast 3pm, Wednesday 9th November, 2022)

Transcript

Click on a timestamp to play from that location

0:00.0

You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.

0:06.5

I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.

0:11.2

I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,

0:16.0

relationships, identity, comedy, even one that mixes poetry, music and inner city life.

0:22.4

So one day I'll be helping host develop their ideas, the next fact-checking, a feature,

0:28.3

and the next looking at how a podcast connects with its audience, and maybe that's you.

0:33.6

So if you like this podcast, check out some others on BBC Sounds.

0:39.4

BBC Sounds, music, radio podcasts.

0:43.3

Hello and welcome to this Moneybox Live podcast.

0:47.0

Private rents are increasing at the fastest rate since official numbers started being collected almost eight years ago.

0:56.7

There are around 8. a half million households who rent quite a bit more than those who have mortgages. So the rise in housing costs

1:02.8

on top of a cost of living crisis is likely to be causing significant challenges for millions of people.

1:10.3

And to give you a sense of how much people are paying,

1:12.6

the Office for National Statistics says that average monthly rents are now £795 a month for

1:19.5

England, their highest in London at £1,450 pounds, and lowest in the north-east of the country

1:26.6

at £505. Well, in today's Moneybox Live podcast,

1:31.5

we'll be looking at how the market is changing for both landlords and tenants and how they can

1:36.2

both best face the challenges ahead. But before we get to our guests or guide us through

1:41.6

their rental tips, let me give you a quick pen portrait

1:44.5

of what's been happening. The official numbers from the Office for National Statistics show that

1:49.2

on average rental inflation is now 3.6%. It's highest in the East Midlands, so prices are going

1:57.1

up most quickly in the East Midlands and their lowest in London. But companies such as

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.