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Reality Check: How much do we spend on rent?

In the UK, people are renting for longer periods of time, as buying a property has become more expensive and wages have struggled to keep up.

As analysis for the BBC by Hometrack reveals, the average length of residence for private renters in England has increased to 4.3 years.

This got Reality Check thinking about how much people are spending on rent.

If people are renting for a longer period of time, how much of their pay packet is going on accommodation?

Read the full article here: http://www.bbc.co.uk/news/business-44046392

Credit:BBC

14 May 2018