Friday, 14 October 2011

Rent Rises Hit Home

Shelter research reveals ordinary working families face unaffordable private rents in 55% of local authorities in England. In the majority of areas, typical rents from private landlords are over a third of the average take-home pay - the widely accepted measure of affordability. From 1997 to 2007, rents increased at one and a half times the rate of incomes. Recent research by Shelter has also revealed that 38% of families with children who are renting privately have cut down on buying food to pay their rent. The findings show that for those priced out of home ownership, renting is not the cheaper alternative it has often been considered. The findings also show big differences in affordability in different parts of the country. Download a copy of the report from the Shelter website.

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