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‘This is just ruinous’: the Britons unable to afford their homes

Millions are finding themselves priced out of renting and buying amid high inflation and mortgage rates

The cost of living crisis, spiralling mortgage rates and soaring rents have exacerbated property shortages in Britain to the extent that housing is now unaffordable in vast parts of the country for the typical earner.

With the average British home now costing about nine times the mid-range income and average monthly rents in the capital and outside London having hit record levels in the first quarter of the year, millions of Britons are living in areas where they can afford neither to buy a mid-priced property, nor to rent a home without spending a disproportionate part of their income, a Guardian analysis has revealed.

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Please note that all views in posts that are not from the BSL Editorial Team are not opinions of the company and do not represent us in any form. All Non-Editorial articles are intended to be purely informational and should not be treated as fact.

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