By Aimee Stevens
The BBC has published an article with some shocking statistics on the affordability of renting for young people. The article states that “a salary of £51,200 is needed to “afford” to rent a one-bed London home”. This is an astonishing figure, particularly when you consider that this could provide you with a 10% deposit for a half million pound house (should you be able to save up these monies instead of paying them on an annual rent).
The report focuses on those in their 20’s, as recent studies have shown that they are more likely to rent.