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FREE landlord softwareNHF data puts the average UK rent at £750 per household per month, compared to a European average of just £400.
The National Housing Federation claim the average UK tenant spends almost 40 per cent of their income on rent, whereas the average European tenant pays just 28 per cent.
David Orr, chief executive of the National Housing Federation commented:
“British renters get a raw deal in comparison to their continental counterparts. Not only do they face crippling rents, but renters in the UK have almost no certainty whether they will be able to stay in their home from one year to the next. How can we expect people to raise families, start businesses or save for their first home if they don’t even know where they will be able to afford to live?”
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UK private renters spend 40% of their pay on rent, well above the European average of 28%: http://t.co/DlkHUwG4Of pic.twitter.com/xV6ljVDpff
— National Housing Fed (@natfednews) June 24, 2015
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1 comment:
The level of rents demanded for London properties, particularly in desirable areas such as the West End, is a factor behind these figures. As estate agent LDG says, an average of 11 people are chasing each rental property on its books. See http://www.ldg.co.uk/news/2015/06/the-real-cost-of-renting-a-home-in-central-london
Until the supply of homes outstrips demand, rental costs will continue to rise.
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