Stat of the day: 55%

The percentage of local authorities in England where private rents are now deemed 'unaffordable'.

by
Last Updated: 09 Oct 2013

If you’re struggling to pay your rent, you’re not alone. Private rents are now classed as ‘unaffordable’ (ie. more than a third of a household’s total income) in 55% of local authorities in England, according to homeless charity Shelter.

MT can barely remember the days when renting was seen as a cheaper alternative to home ownership – but the problem is that the lacklustre housing market, along with first-time buyers being priced out the market, has pushed up demand for rental properties.


Unsurprisingly, London boroughs were the most expensive, with the average monthly rent for a 2-bed house costing £1,360. Ouch.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

How COVID changes the world forever: A thought experiment

Silicon Valley ‘oracle’ Tim O’Reilly imagines how different sectors could emerge from the pandemic.

The CEO's guide to switching off

Too much hard work is counterproductive. Here four leaders share how they ease the pressure....

What Lego robots can teach us about motivating teams

People crave meaningful work, yet managers can so easily make it all seem futile.

What went wrong at Debenhams?

There are lessons in the high street store's sorry story.

How to find the right mentor or executive coach

One minute briefing: McDonald’s UK CEO Paul Pomroy.

What you don't want to copy from Silicon Valley

Workplace Evolution podcast: Twitter's former EMEA chief Bruce Daisley on Saturday emails, biased recruitment and...