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Birmingham, Manchester, Glasgow and Leeds are now some of the most expensive cities in which to rent in Europe. Can investors and the Government rein that in?



The year-upon-year of double digit housing price increases in London makes for newspaper headlines around the globe - in part because London has so many non-dom owners of palatial homes and flats who treat these properties as financial instruments. This phenomenon has the unfortunate effect of pushing up home prices and apartment rental rates for middle class people who work in the Capital City.



This is not restricted to London. The shortage of housing exists throughout much of the UK Frank Robinson Authentic Jersey , as recent statistics prove. Home Let, the UK鈥檚 largest tenant referencing specialist, identified in the spring of 2015 that UK rental prices in the first quarter of the year rose an annualised rate of 10 per cent nationwide. While London will always skew the national numbers (rent in Greater London averages 拢1,436) Roberto Alomar Authentic Jersey , what perhaps is most surprising is that rental rate growth is higher elsewhere. As it turns out, the 2014-2015 rate of rental increases is higher in West Midlands (7.9%), East Anglia (8.4%) and South West (15.5%) as compared to London (7.5%). Close behind London are Scotland (6.2%), Northern Ireland (5.2%) and Yorks & Humber (4.3%). Home Let also emphasizes that rents have risen in all 12 UK regions in the three months to May 2015 compared to 2014.



Why the across-the-boards hikes? The shortage of housing in the UK is no secret. Despite the efforts of strategic land developers - private investors and developers who endeavour to convert unused land to residential development - the country is easily short of one million homes that younger people need to establish families. The charity Shelter advocates for freeing up more land for more development at all price levels as a means to alleviate housing costs at the bottom level. And yet the number of homes built in 2014 was roughly half of the 250 Earl Weaver Authentic Jersey ,000 dwellings thought to be needed.



What鈥檚 new is that the price increases, due to the homes shortages, are being felt in cities north, west and south of the Capital. UK rents are the highest in Western Europe. London is more expensive than everywhere Mark Trumbo Authentic Jersey , including Paris, Milan, Nice and Rome. But ranking 6th and 7th in the European list compiled by are Birmingham and Manchester, with Glasgow at #9 and Leeds at #11. That鈥檚 five UK cities ranked among the Continent鈥檚 top dozen.



As a spokesperson for the Association of Residential Letting Agents told the website Property Wire Joey Rickard Authentic Jersey , 鈥淚t is worrying to see so many agents reporting an increase in the cost of rent over the last six months, especially . Cheap Jerseys Cheap Jerseys China Cheap Jerseys Free Shipping Cheap Jerseys China Wholesale Cheap Wholesale NFL Jerseys Cheap NFL Jerseys From China Cheap NFL Jerseys Cheap NFL Nike Jerseys Wholesale Jerseys From China Wholesale Jerseys China