UK Tenants Paid Record £50bn In Rents In 2017

The total amount of rent paid by tenants in Britain soared to more than £50bn in 2017, more than double the level of a decade ago, and may soon eclipse the entire sum paid out by homeowners for their mortgages. The figures, compiled by the UK’s biggest estate agency and mortgage broker, Countrywide, reveal the dramatic reshaping of the property market in recent years as home ownership levels have gone into reverse. Last year, tenants in Britain paid a record £51.6bn in rents, an increase of £1.8bn on the previous year and more than twice the £22.6bn shelled out in 2007. Read more on the Guardian website.

https://www.theguardian.com/money/2018/feb/12/uk-tenants-paid-record-50bn-in-rents-in-2017