Key workers being priced out of renting, PWC report says

By Hamish Champ2019-07-17T05:00:00

Young tenants in London pay around 53% of their salary on rent

Many key workers in London and the south east are being priced out of private rented accommodation, with some spending more than half their monthly income on paying to stay in their homes.

A report by consultancy firm PWC said the conventional benchmark for affordable rent was that it should cost less than 30% of gross annual income.

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