Around 30% of tenants are spending over 50% of their net income on rent, the latest figures suggest. The survey of nearly 7,000 tenants shows that the average cost of renting accounts for 38% of tenants’ take-home pay. It also indicates that the gap between demand and supply is wider than a year ago and …
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A difficult spring for the property market could turn into a summer of discontent for house sellers as the eurozone crisis goes from bad to worse. This time of year usually sees a boost in sales as potential buyers begin house hunting but the latest figures from the Council of Mortgage Lenders show a hefty …
Guaranteed Rental Scheme – Mayor’should hold housing powers The London mayor should be given power over housing benefits in the capital, a think tank has urged. Newly re-elected London Mayor Boris Johnson must make housing in the capital a policy priority, a report by the Institute for Public Policy Research said. The report calls for …
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