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Rents Outpace Wages

Rents Outpace Wages
house_money_rise_rent_freePrivate rents are rising faster than wages in London. The Office for National Statistics has revealed data that shows private rents grew 3.9pc from December 2014 to December 2015. Meanwhile, weekly earnings were flat. In England as a whole, private rents rose 2.5pc, while pay increased by 1.9pc – this squeezes renters’ finances, but not as much as in the city. Meanwhile a YouGov poll has shown that 29pc of Britons are concerned about falling into mortgage/rent arrears this year.