Cost of renting one-bed property soars in UK

[OwlHoot]

2016-06-13 Cost of renting one-bed property soars in UK

The cost of renting a one-bedroom property in the UK has risen to swallow almost half of the average young worker’s take-home pay, according to figures, while those living in London are typically handing over 57% of their monthly wages.

The average cost of a new tenancy on a one-bedroom home hit £746 a month in May, taking up 48% of the take-home pay of a worker aged under 30, data from property firm Countrywide showed.

In London, the average rent on a one-bed property was £1,133 in May, Countrywide said. Rising rents had outstripped growth in earnings to such an extent in the capital that since 2007 the proportion of take-home pay used to meet the cost had increased from 41% to 57%. ...

For this reason alone, given the ceaseless torrent of immigration we will obviously have if we remain in the EU, anyone under the age of 30 and/or priced out of the property market must be completely deluded to even contemplate voting Remain.

[SueEllen]

The ex-Mayor Boris Johnson largely decreased the number of planning approvals he gave.

[AtW]

Rents will go up due to Gidiots' tax relief withdrawal on mortgage interest.

[Flashman]

2016-06-13 Cost of renting one-bed property soars in UK



For this reason alone, given the ceaseless torrent of immigration we will obviously have if we remain in the EU, anyone under the age of 30 and/or priced out of the property market must be completely deluded to even contemplate voting Remain.

Shssh now nothing to do with immigration.

EU referendum live: Gordon Brown says 'real problem' not EU immigration but illegal immigration | Politics | The Guardian

Gordon Brown says 'real problem' not EU immigration but illegal immigration

Gordon Brown told me so.

[vetran]

Rents will go up due to Gidiots' tax relief withdrawal on mortgage interest.

indeed, also there is even less reason to register as a landlord now.

Friend renting a flat has taken his issues with a landlord to the council and what do they say? Oh we know that landlord very well, pity they don't force him to have valid Gas & Electric certificates or fix any of the issues in his properties....

[LondonManc]

Shssh now nothing to do with immigration.

EU referendum live: Gordon Brown says 'real problem' not EU immigration but illegal immigration | Politics | The Guardian


Gordon Brown told me so.

Nice to know we have problems and "real" problems.

The "real" problem was some complete chunt changing our gold for Euros. Can't think who that was - can somebody remind me? Oh, wait, doesn't matter. I remember. It was Gordon Brown.

[SueEllen]

indeed, also there is even less reason to register as a landlord now.

Friend renting a flat has taken his issues with a landlord to the council and what do they say? Oh we know that landlord very well, pity they don't force him to have valid Gas & Electric certificates or fix any of the issues in his properties....

Unfortunately councils aren't allowed to go to the courts and get someone banned from being a landlord.

They can only get them fined so it's a waste of money especially as the fines aren't that big. If the fines were big enough so properties could be seized these issues would happen less frequently.

[AtW]

The "real" problem was some complete chunt changing our gold for Euros. Can't think who that was - can somebody remind me? Oh, wait, doesn't matter. I remember. It was Gordon Brown.

So he sold gold cheap, big deal - in a grand schemes of things the amount was very low anyway, it's NOT the worst thing that he did - allowing house bubble to inflate was his main flaw, but all PMs (apart from me obviously) would have done the same in his position.

[LondonManc]

So he sold gold cheap, big deal - in a grand schemes of things the amount was very low anyway, it's NOT the worst thing that he did - allowing house bubble to inflate was his main flaw, but all PMs (apart from me obviously) would have done the same in his position.

He was Chancellor at the time, but don't let that get in the way of your message

[scooterscot]

London is not the UK. Plenty of 1-bed place to rent well below the 57%.

Ma rented detached house here in Bavaria set me back 14% of my income last year.