National Housing Federation Reveals
Most Unaffordable UK Areas To Rent Property
Towns and cities such as Oxford and Brighton have overtaken many London borough’s as the most unaffordable places in the UK to rent, according to the National Housing Federation.
London boroughs may have the monopoly on the most expensive rents in the UK’s private rental sector (PRS), but when factored against average local earnings, UK towns and cities such as Oxford, Brighton and Bath are calculated to be more unaffordable than many London boroughs.
The most expensive area outside of London is the Three Rivers area in Hertfordshire, where the average PRS rent swallows up over 50% of the average income of residents in the area.
Other places such as Oxford, South Bucks and Brighton are now more unaffordable than London boroughs such as Greenwich and Lewisham, with renters spending over half their salary on rent before they’ve covered any other bills.This follows official figures showing that private rental sector tenants now spend twice as much of their income on their housing costs compared to residential homeowners.
PRS tenants in the South West, East of England and Yorkshire are also struggling, with private sector rents taking up around 40% of people’s income in Exeter, Epping Forest and Leeds.
The data, compiled by YouGov on behalf of the National Housing Federation, showing that the cost of renting from a private landlord is making it increasingly difficult for those trying to save to buy their own home, and for families.
The Top 20 Most Expensive Places To Rent Outside Of London Were
- Three Rivers – 54.3% of average wages going on rent,
- South Bucks – 54.1,
- Oxford – 50.3%
- Forest Heath – 50.2%
- Brighton and Hove – 49.5%
- Runnymede – 48.8%
- Cotswolds – 47.9%
- Welwyn Hatfield – 47.5%
- Hertsmere – 46.3%
- Bath and North East Somerset – 45.7%
- Exeter – 45.3%
- Sevenoaks – 44.6%
- Purbeck – 44.6%
- Epsom and Ewell – 44.6%
- Bracknell Forest – 44.4%
- Guildford – 44.0%
- Tandridge – 43.9%
- Elmbridge – 43.6%
- Windsor and Maidenhead – 43.5%
- East Dorset – 43.1%
David Orr, chief executive of the National Housing Federation, said: “Private renters today are getting a raw deal and are paying the price for a housing crisis that’s been decades in the making. Unless we build the affordable homes we desperately need, ordinary working families and young people will continue to struggle to pay their rent, and will have less and less money left to cover basic bills like food and heating. We need a long term plan from politicians to put this right. We’re calling on all political parties to commit to end the housing crisis within a generation.”
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