Average rent up to nearly £1,000 in Plymouth
Summary
Rents in Plymouth have risen sharply, from around £740 in 2021 to nearly £1,000 in 2026, causing difficulties for many people to afford housing. There are plans to build 10,000 new homes in the city centre, but concerns remain about the availability of genuinely affordable housing.Key Facts
- Average private rent in Plymouth increased by more than 30% in five years, reaching £975 in March 2026.
- More than 7,000 people are on the waiting list for social housing in the Plymouth area.
- The rising rent and cost-of-living crisis are making it harder for people on low incomes to find housing.
- Plymouth City Council and the government agency Homes England plan to build over 10,000 new homes in the city centre.
- Plans include creating taller buildings to increase housing density in the city centre.
- Affordable housing is usually negotiated during development but often remains close to market prices, limiting access for low-income renters.
- A charity leader highlighted the shortage of truly affordable housing and the high competition for available rentals.
- Some landlords report that changes in rental laws have made it less appealing to rent out properties, reducing the private rental supply.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.