PRS Rent Increases Not Overtaking Wages

The cost of private rented housing has largely followed changes in earnings across England, in stark contrast to the social rented sector where rents have increased faster than wages. The new report from the National Audit Office said that “since 2006, the cost of private rented accommodation has broadly followed changes in earnings across England” whilst “social housing rents have increased faster than earnings since 2001-02.” It does, however note that the exception to this is in London, where rents are rising much faster. Read more on the RLA website.