Wednesday, 28 June 2017

Rents Soar Well Above Wages

Rents in England have soared at a rate well above earnings, leaving renters struggling to cope, analysis by the Chartered Institute of Housing (CIH) shows. The CIH compared Office for National Statistics (ONS) data on rent rises between May 2011 and 2017 with data on rising wages from the Bank of England over the same period. It showed wages had risen by 10.4% across England, well below the 14.6% growth in rents. The worst affected area was London, where rents have soared 21.6% compared with wage growth of just 6.3%. Read more on Inside Housing.

No comments: