Property News · June 13, 2016

How much of your income do you spend on rent?


With workers under 30 paying almost half of their monthly wages in rent we’d like to hear from youThe 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.Those in London are typically handing over 57% of their monthly wages with the average rent on a one-bed property costing £1,133 in May, Countrywide said. The firm said tenants were responding to the higher costs by moving into house shares. Continue reading…

Source : theguardian.com
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