Thursday, June 25, 2015

Generation Rent Rip Off: Private rents in UK double the European average

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.

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