An analysis from Zoopla has reported trends in the
affordability of private renting across the UK since 2007. The study is focused
on working households where almost 75% of private renters work full or
part-time and tracks the average rent for a 1-3 bed property over time, which
is expressed as a percentage of average weekly net earnings for a single
full-time worker. Rents have grown the most in the East of England (23%) and
the West Midlands (20%) since 2007. London and the South East, however, have
seen the highest absolute average rents, with both registering rental growth of
18% since 2007 – although growth has weakened in the last two years. Read more
on the propertyinvestor today website.
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