Over the past month, rental costs have also seen respective increases of 0.55% and 0.66%. Commenting on this, Andy Halstead, the CEO of HomeLet & Let Alliance, stated, "The situation in the UK is far from optimistic. Rent prices have risen by nearly 10% in the past year, with particularly substantial increases in recent months. Over the summer, the year-on-year rise was around +5%, which is a cause for concern as we approach the winter."

The data on rent increases across different regions is also worrying, with the northeast experiencing a significant month-on-month increase of 1.35%, followed by 1.29% in Wales and 1.26% in Northern Ireland, while the overall UK rent saw a 0.55% month-on-month rise. These figures indicate a general trend of rising rental prices across the country.

Rising rents have placed an economic burden on renters, as income growth often fails to keep pace with the increase in prices. According to the data, UK renters now need to allocate nearly a third (32.7%) of their wages to rent, representing a 2.1% increase compared to the previous period. In high-priced areas like London, renters' rent expenditure is expected to account for nearly two-fifths (38.8%) of their wages.

In addressing the issue of rising rents, the government and relevant authorities need to take action to ensure the sustainable development of the rental market and protect the rights of renters. Possible measures could include increased investment in housing construction and the implementation of rent control policies. These measures can help provide more affordable housing options and enable renters to afford their rents.

However, tackling the issue of rising rents is a complex process that requires ongoing efforts and time. The government, real estate industry, and stakeholders in the rental market should work together to formulate and implement effective policies to stabilize the rental market and alleviate the economic pressure on renters.