Soaring rents rose 60% faster than pay since 2011 – Shelter
Many English towns out of reach for workers, whose pay rose only 10% in seven years
Rents have risen 60% faster than wages across England since 2011, according to analysis from housing charity Shelter, which claims the crisis is spilling out of cities into “Middle England” towns such as Tunbridge Wells.
The figures show that private rents have risen by 16% since 2011, outpacing average wages which have only risen by 10% over that period. Shelter analysed official data from the Annual Survey of Hours and Earnings and the Index of Private Housing Rental Prices.Continue reading...