RENTS could continue to rise strongly and outpace earning growth over the years ahead, the Resolution Foundation predicted today in a damning indictment of the housing crisis.

Average rents could rise by 13 per cent over the next three years as high market rates work their way through existing tenancies, the think tank warned.

The cost of new tenancies has already grown by 18 per cent since January 2022, with private renting no longer being the preserve of people aged in their 20s, the foundation said.