Over
the last few years, the number of people wishing to rent rather than buy a home
has grown enormously. Recent figures suggest that home ownership has fallen to its
lowest level since 1987, while the number of households in rented accommodation
has almost doubled.
has grown enormously. Recent figures suggest that home ownership has fallen to its
lowest level since 1987, while the number of households in rented accommodation
has almost doubled.
Here
are the latest statistics we can report for the lettings industry in Yorkshire
and the
Humberside Region:-
Humberside Region:-
Income
Tenants
in Yorkshire & Humberside currently earn on average £23,000 per annum after
their income increased in the last 12 months by 5.6%.
their income increased in the last 12 months by 5.6%.
36%
of the tenants’ income is currently spent on rent Yorkshire and Humberside
region.
Tenant
age
The
average age of tenants in Yorkshire and the Humberside is 32. This is 3.8%
lower than
the national average.
the national average.
Employment
There
has been a 0.7% increase in the percentage of unemployed tenants moving into a
new
rented home in the region.
rented home in the region.
Rents
Average
rents are at their lowest amount since June 2012, after lowering by 3.6% during
January to £557 per month.
January to £557 per month.
Image
source: Lukiyanova-Natalia-Frenta-Shutterstock
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