UK Housing Third Least Affordable In Europe

Families in the UK are among the worst off in Europe when it comes to housing costs.  One in six people in the UK (16.5%) are overburdened by housing costs, according to findings published by the European Union. This means they are spending more than 40% of their income on costs such as rent, mortgage payments and other living costs associated with their home. The UK has three times as many people weighed down by housing costs than nearest neighbours France, where only 5.2% report they are overburdened.

Housing in the UK is so unaffordable that out of 29 EU countries analysed, only Denmark and Greece reported being worse off, placing the UK third from bottom for affordable housing costs.  View the data on the eurostat website.