Residents of London spend high portions of their earnings on rents in London, and London’s rent prices are the highest worldwide. Residences outside of London have lower rents, but for those who need to stay within London’s city limits some eastern boroughs such as Dagenham have the best rents. Residents of Wales and England have been paying lower rents compared to 2007, and the regions with the lowest rents include Swansea, South Shields, and Barnsley. The north-east has the most preferable rent prices in relation to residents’ wages, with Na h-Eileanan being a particularly great place in which to rent.
Key Takeaways:
- Residents of London spend high percentages of their paychecks on rent.
- Rental prices in London are not going up as quickly, although they remain high.
- The north-east tends to have the most favorable rent prices relative to residents’ paychecks.
“Money Supermarket proposed Bexley and Barking & Dagenham as the cheapest boroughs, with Havering just a notch up.”
Read more: https://www.theguardian.com/lifeandstyle/2018/jul/14/where-to-move-for-affordable-rents
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