Thursday, 7 November 2013

Parents under Pressure as Rising Rents Add To Cost Of Living Crisis

The lack of affordable housing is adding to the country's cost of living crisis with private rents in England forecast to rise another 44% by 2020. And research carried out on behalf of the National Housing Federation shows that more and more parents are helping their children to pay their rent. The ComRes survey shows there are now nearly as many parents paying some of their adult children’s rent as there are helping them to buy a home. Private rents in England currently average £629 a month but are predicted to rocket to £906 a month by 2020, an increase of 44%.  Read more on the NHF website.

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