Around 30% of tenants are spending over 50% of their net income on rent, the latest figures suggest. The survey of nearly 7,000 tenants shows that the average cost of renting accounts for 38% of tenants’ take-home pay. It also indicates that the gap between demand and supply is wider than a year ago and …
Guaranteed Rent London | How much do you spend on rent? Read More »
THE number of people looking to downsize their home is nearly double that wanting to buy a larger property, new research has revealed. Britain’s ageing population as well as a squeeze in lending are thought to be driving this trend, according to property expert Miles Shipside. Meanwhile, demand from first-time buyers continued to fall after …
Guaranteed Rent | Downsizers look to supplement poor pensions Read More »
A difficult spring for the property market could turn into a summer of discontent for house sellers as the eurozone crisis goes from bad to worse. This time of year usually sees a boost in sales as potential buyers begin house hunting but the latest figures from the Council of Mortgage Lenders show a hefty …
