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Renting 'becoming unaffordable for many'

Posted: 13 Oct 2011 15:40:15 GMT

Property News - Renting 'becoming unaffordable for many'

Ordinary working families are struggling to afford average private rents.


Ordinary working families are finding it difficult to keep up rental payments across England, new research has indicated.

Carried out by Shelter, the study revealed these average costs are unaffordable in more than half (55 per cent) of the country's local authorities.

According to the investigation, the majority of these regions are seeing typical payment demands from private landlords that are more than one-third of the typical take-home wages for the areas.

The charity stated it would like to see the government take further action to help stabilise the market and help bring the sums being paid by tenants down to workable amounts.

Campbell Robb, chief executive of Shelter - which was founded in England in 1968, before being established in Scotland two years later - commented: "With huge differences in affordability across the country, there are now worrying signs that families are likely to be displaced by our out-of-control rental market."
 

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