Do you ever get the feeling that you’re being ripped off? The answer is probably yes; everybody occasionally thinks they’ve overpaid or haven’t been getting their money’s worth. Hopefully, that’s a rare feeling for you. But if you’re a private renter, then there’s a good chance it’s all too familiar.
New analysis from Shelter shows that renters have every reason to feel this way. The average private renter is now paying over £1,600 more per year on housing than a … Read more
Rents have surged ahead of wage growth in this decade.
Our analysis of government statistics shows that between 2011 and 2017 rents in England have grown 60% quicker than wages. Rents have increased by 16% while average wages have increased by just 10%[1].
And this isn’t just an issue confined to London and the south-east, as you might expect. This analysis confirms that rental markets in England’s suburbs, market towns and smaller cities are heating up.
This issue … Read more
Our new analysis sheds light on the ‘rentquake’ which has taken place across England since the start of the millennium. It shows that a growing proportion of people across all corners of our country are privately renting. While homeownership remains the preferred tenure for many, it has become ever more out of reach – and our stock of social housing has declined.
This is important because, right now, the loss of a privately rented tenancy is the number one cause … Read more