This article from National Housing Federation shows that not only are rents in UK the most expensive but double the European average.
A staggering 40% of income is spent on rent compared to 28% European average.
This means that workers have less money to save for a deposit and explains why the housing benefit bill is rocketing.
Germany has the most people privately renting and their average is only 25%.
Solution? We need to increase supply by building more homes of all tenures and introduce rent controls.
A staggering 40% of income is spent on rent compared to 28% European average.
This means that workers have less money to save for a deposit and explains why the housing benefit bill is rocketing.
Germany has the most people privately renting and their average is only 25%.
Solution? We need to increase supply by building more homes of all tenures and introduce rent controls.
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