UK residents are continuously searching for areas to reside in that will not set them back too much financially. This is quite a hard feat seeing as how citizens of the UK spend 89% of their income on housing alone. New research is emerging that shows that areas such as the Western Isles and West Lothian are just a couple of the most affordable areas to live within the United Kingdom that also have safe communities.
Key Takeaways:
- Various research suggests that Londoners use anywhere from nearly fifty to ninety percent of their earnings to cover rent.
- Fortunately, there are much cheaper boroughs to live in, including Barking & Dagenham and Bexley.
- Despite the predicament for London renters, the actual percentage spent on rents in the UK has decreased overall since 2007.
“I think we can all agree where not to move. Analysis last month by property firm CBRE claimed London residential rents were the highest in the world.”
Read more: https://www.theguardian.com/lifeandstyle/2018/jul/14/where-to-move-for-affordable-rents
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