UK house prices returned to growth in May, according to Nationwide, as buyers' confidence was buoyed by wage growth and lower inflation.
According to Rightmove, average rents climb 8.5% in a year.
The number of people buying properties before they have been built has slumped to its lowest level in more than a decade amid higher mortgage rates and a lack of government help for first-time buyers.
Sadiq Khan has called the failure to pass the Renters (Reform) Bill “a huge betrayal” to renters.
When mortgage rates began shooting upwards in the latter months of 2022, many expected house prices to fall dramatically.
A General Election has been called for July 4.
Landlords are enjoying their highest rental yields in six years, with the average gross yield reaching 6.1% in the first quarter of 2024.
A decline in mortgage rates has prompted a forecaster to reverse its predictions of a fall in UK house prices in 2024, instead suggesting the average cost of a property could rise by £61,500 over the next five years.
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