Only the top 25% of earners in London were able to privately rent a property in the city at an affordable rate last year, according to official figures on costs across England. Data from the Office for National Statistics revealed that for three-quarters of households, rents in the capital were set at a level equal to more than 30% of their income. The ONS said it considered an area to have affordable private rent if tenants spend no more than 30% of their income on it. Rents in some parts of the country dropped when the pandemic struck but in recent months costs have started to rise again. Read more on the Guardian website.
More than £52m reserved for social housing at risk after collapse of
investment firms
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Exclusive: 3,500 social homes could switch to private sector after
companies run by Heylo Housing group go into administration
More than £52m in public m...
2 days ago
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