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.
