The staggering amount rents have gone up across Greater Manchester in last 10 years

Rents have soared by a staggering amount across Greater Manchester in the last 10 years, but one borough in particular has seen rent prices rise more than anywhere else in the country in the last decade.

Salford tops the table when it comes to the highest rate of rental growth, with the average rent in the area having gone up by a whopping 72.4 percent.

The research was done by Tlyfe, the UK’s tenant lifecycle app by OpenBrix.

Tlyfe analysed the latest rental market figures from Gov UK, released this month, and looked at which areas of the rental market have seen the sharpest increase in the cost of renting over the last decade.

Across England, the average cost of renting has increased by 44.4 percent over the last 10 years, now averaging £1,369 per month. Surprisingly across England, it’s not London but the East Midlands that has seen the highest increase in the cost of renting, up 51.8 percent in the last 10 years.

Rents have climbed across every single area of the market in England. Behind Salford, Leicester ranks second with an increase of 70.7 percent, with Folkestone and Hythe (69.1 percent), South Gloucestershire (69 percent) closely followed.

Adam Pigott, CEO of OpenBrix, commented: “The cost of renting has only gone one way over the last decade - and that’s up. Such is the consistent and overwhelming demand for rental properties that we find ourselves facing a severe crisis across the sector and one of the key factors causing this crisis is a lack of available homes to meet demand.

"Unfortunately, it doesn’t look as though this market imbalance is set to be addressed anytime soon and, if anything, we’ve seen more landlords exit the sector due to consistent legislative changes implemented by the government.

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