Property News · July 16, 2015

Tenants in England spend half their pay on rent


London tenants pay 72% of earnings on rent, according to latest figures from the English Housing SurveyRents in England are almost half of tenants’ average take-home pay, according to an official report on the state of the country’s housing.Figures in the latest English Housing Survey, based on research in 2013-14, show that tenants paid an average of 47% of their net income in rent, while those who had taken out a mortgage faced repayments equal to 23% of their earnings after tax. Continue reading…

Source : theguardian.com
Read more…Tenants in England spend half their pay on rent