With an increase in temperature, and an acceleration in living costs, life in the UK seems to be rising, and so does the rent.

Bexleyheath is just one of the Kent towns which has seen rapid rent increases

According to new data, record rent prices are to be seen this year as the cost of living crisis starts to take its toll on residents in the UK. Data suggest that the total rent paid by tenants has more than doubled in the last fourteen years. The prices are becoming untenable and are rapidly reducing people’s abilities to get onto the property market and, from a domestic point of view, live comfortably.

More specifically, these soaring prices are no stranger within the area of Kent. As Kent becomes an extension of London, the hope of buying a property has gone out the window for an untold amount of young people hoping to move out of their childhood homes and begin an independent life - a much required and necessary aspect of their adult life. Data suggests that almost a third of people aged twenty to thirty-four in the UK are still living at home, and as prices continue to soar, this percentage will only increase.

Within the county, it is estimated that the median take-home pay is £1,650 a month. In recent investigations, it has become apparent that there are no houses available to rent within the area for under £1000 a month.

Consequently, leading people to feel it will be impossible to have any quality of life with energy prices also on the rise, people are left with no choice but to leave the area.

People are uprooting the lives of themselves and their children due to the outrageous and insupportable rent prices; this has to be a sign that our housing system is ultimately broken.

With this information in mind, the Anthony Martin team is working closely with landlords and tenants to ensure each can be married with the perfect tenant and property combination. Ensuring that the right tenant is offered the right property for their circumstances ensures that landlords can have peace of mind knowing that their property will be well maintained and rent will be paid, and tenants can rest assured knowing that the rent and bills are affordable.

About Anthony Martin Estate Agents

Founded in 2011 by Kent-born and bread Anthony Martin, Anthony Martin Estate Agents is today a multi-award winning agency offering high-quality sales, lettings and property management to residents of Kent. A community-orientated estate agency, Anthony Martin recruits local agents who know the areas covered inside and out. Anthony Martin Estate Agents believe in providing the best customer service from first viewing to moving day. When it comes to selling and letting homes, their team work hard to deliver the very best sales and rental values. 

Anthony Martin Estate Agents have nine locations within Kent, you will find your local agency in Bexley, Bexleyheath, Barnehurst, Locksbottom, Meopham, Swanscombe, Dartford, Sutton at Hone and New Ash Green. 

Anthony Martin Estate Agents have a user-friendly website and have a very proactive presence on Facebook and Instagram.