A shortage of affordable housing is leaving a generation
stuck in a “rental logjam”, warns the Local Government Association (LGA).
Analysis shows that almost one in seven private renters (14 per cent) are
spending more than half of their total income on rent. Local government leaders
said the figures highlight the difficulties renters face not just in finding an
affordable home to live in, but in saving up a deposit for a home of their own,
with the average deposit now costing 71 per cent of a first time buyer’s annual
income. The LGA is calling for the
Government to enable the building of a new wave of rented homes that reflect
what families can actually afford – no more than a third of total household
incomes. Read more on the LGA website.
Thursday briefing: How Michael Gove’s ‘new deal’ for renters went sour
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In today’s newsletter: The renters’ reform bill was meant to address a
spiralling housing crisis, but as a watered-down version finally passes, we
look a...
2 hours ago
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