Property News · June 13, 2016

Cost of renting one-bed property soars in UK


Workers under 30 pay almost half of monthly wages in rent, while those in London pay even more, says CountrywideThe cost of renting a one-bedroom property in the UK has risen to swallow almost half of the average young worker’s take-home pay, according to figures, while those living in London are typically handing over 57% of their monthly wages.The average cost of a new tenancy on a one-bedroom home hit £746 a month in May, taking up 48% of the take-home pay of a worker aged under 30, data from property firm Countrywide showed. Continue reading…

Source : theguardian.com
Read more…Cost of renting one-bed property soars in UK

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