UK rent soars by average £3,240 since Covid, says Zoopla

Getty ImagesAverage annual rent on a newly-let property is £3,240 more expensive than at the end of the coronavirus pandemic, according to figures from Zoopla.Rent began to soar in 2021 due to high demand from tenants after lockdowns were lifted and limited numbers of available properties.The annual cost of renting has gone up by 27% in those three years, compared to a 19% rise in average earnings over the same…