London Renters Now Require £75,000 Salary to Meet Affordability
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While increasing immigration is driving up rental demand, government tax reforms are also curbing real estate investors from entering the rental market. Experts say renters are experiencing a squeeze from both the supply and demand sides.
London renters need £74,520 salary for average property
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London renters now require £75,000 salary to meet affordability
The annual salary required to secure an average rental property in London has reached £74,520, according to new data from Propertymark. The increase follows a 4.2% month-on-month rise in average rents across the capital, climbing from £2,385 to £2,484. The post London renters now require £75,000 salary to meet affordability appeared first on PropertyWire.
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