UK Rents Soaring While Struggling Tenants' See Incomes Freeze

The UK's private rented sector (PRS) tenants are being increasingly squeezed as rental costs soar in the face of static incomes.  According to SpareRoom.co.uk's research, PRS rents have risen by 10% while tenants’ accommodation budgets have actually fallen by 0.5% since 2009. And London room rents have soared by more than a quarter (26%) in the past five years - more than twice as fast as budgets, which have increased by just 10%. Most shockingly, SpareRoom.co.uk found that in Scotland flatsharers’ budgets have plummeted by more than a fifth (22%) since 2009, while rents have increased by almost a quarter (24%). Read more on 24dash.