Generation Rent is ever-growing: the number of households
under the age of 35 in the private rented sector rose by more than one million over
the past decade. Also rising are rent prices - while wages are not keeping
up. Rents in Great Britain rose by 2.3pc
in the year to September; the hike in stamp duty for landlords in April caused
a surge in purchases and a subsequent glut of rental properties on the market
which have kept rental prices stable. In London, rents are running far away
from average wages, which are still below the level in 2011. Tenants in the
capital spend on average two-thirds of their income on rent, up from half six
years ago. By 2025, 60pc of Londoners will be renters - compared to 40pc in
2000. Read more on the Daily Telegraph website.
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