1 in 4 tenants spend over half their income on housing


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http://www.propertyreporter.co.uk/property/1-in-5-say-btl-is-still-a-safe-bet-investment.html

As wages struggle to keep up with house prices and rents, there is growing concern over housing affordability in the UK.

A new YouGov survey, commissioned by TheHouseShop.com, aimed to discover how much of Brits’ income is being eaten up by housing costs each and every month.

Respondents were asked to take into account all the main costs associated with their primary home, including ground rent, maintenance and service charges, alongside rent or mortgage payments, in the hope this would provide a better overview of their total housing costs. Regarding “monthly income”, respondents were asked to include any income from pensions, benefits, Buy To Let properties and any other sources alongside their salary. This should mean that the results provide a more accurate reflection of affordability across a range of circumstances.

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