Rents On the Move

What happens over seas eventually happens here now that world economies are so closely linked

In a few years the same headlines will be shouting the same message at us, of that I have no doubt.

English Tenants Spend Half to Three Quarters Of Their Income On Rent
By Kevin Rawlinson
The Independent London
Wednesday, 19 October 2011

Property rental costs are at their highest level ever and now account for nearly half of the average British family’s monthly earnings, according to figures published today.

The average rent has risen to £890 a month – 46 per cent of the typical tenant’s net income. In London, rent accounts for more than three-quarters of average earnings. Landlords in the capital charge an average of £2,075 per month, while the typical household brings in £2,721 in net monthly income.

http://www.independent.co.uk/money/mortgages/families-now-spend-half-their-income-on-rent-2372563.html

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