In the UK, the affordability of private rentals varies by region. In the financial year ending March 2022, the median household income needed to spend 26% of their income on a median-priced rented home in England, 23% in Wales, and 25% in Northern Ireland. London was the least affordable region, with a median rent of…
Tag: rental market
No fault evictions, and the kings speech
King’s Speech outlines details of plans to give renters much greater security and stability, but also to ensure that private landlords have ‘robust’ possession grounds to reclaim their properties when they need to The government has today confirmed its plan to introduce new legislation that will include provision to abolish ‘no-fault’ section 21 evictions.
Private rental market summary statistics in England: October 2022 to September 2023
https://www.ons.gov.uk/peoplepopulationandcommunity/housing/bulletins/privaterentalmarketsummarystatisticsinengland/october2022toseptember2023