Property News · June 16, 2016

'I'm at the mercy of my landlord': life as a young renter


If you’re under 30, you could spend half your income on renting a one-bedroom flat. How do our readers cope?How much is too much to pay for rent? Figures from the property firm Countrywide show that the average cost of a new tenancy on a one-bedroom home hit £746 a month in May. Johnny Morris, research director at Countrywide, said that in most parts of Britain rising incomes had softened the impact of increasing rents, but in London affordability was being stretched. “Many tenants have adapted to rising prices by either moving to cheaper areas, further from the centre, or sharing,” he said. Continue reading…

Source : theguardian.com
Read more…‘I’m at the mercy of my landlord’: life as a young renter

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