Wage Rises Predicted To Outstrip Rent Increases

The squeeze on renters could begin to ease later this year with property specialists predicting that wage rises will begin to outstrip rent rises by July. LSL Property Services predict that annual rent rises will dip to 1.7 per cent in July, just as wage rises hit 2.2 per cent wage - the first time earnings have beaten rents since April 2010. It's good news for tenants, who will enjoy the most monthly disposable income after tax and rent since 2009. Last year pay increased by a paltry 1.1 per cent, while rent rose by 1.6 per cent. It was even worse in 2012, where rents rose by 3.2 per cent compared to a 1.3 per cent wage increase in the same period. Read more on the Daily Mail website.