28th November 2023
Affordability Crisis means rent rises cannot continue at this pace - Savills
Savills is warning that despite strong income growth, rising rents are stretching the finances of those in the private rental sector.
Savills now estimates that the average PRS household is spending 35.3 per cent of their income on rent, up from 33 per cent in 2021/22.
This is forecast to be stretched further...