Rising private rents mean Londoners spend on average half
of their pay to have a roof over their head, the highest proportion in the UK.
But the rest of the country is not in a much a better position, with the
average rental cost across the UK taking up 41 per cent of take-home pay. The
report comes as squeezed private renters are struggling to meet payments after
years of blistering rent rises. Recent separate data shows arrears soared to
their worst level in more than two years last month to 9.9 per cent of all rent
payable in August, up from 8.4 per cent in July. Across the UK overall, the
typical monthly salary is £2,266 and the average rent is £935, meaning renters
on average sacrifice 41 per cent of their pay for accommodation. Read more on
the Daily Mail website.
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