#rent-affordability

#rent-affordability

Despite average earnings rising by 5% compared with last year, the cost of renting was swallowing up 44% of the average wage up from 40% five years ago. Rightmove also said conditions for landlords were challenging. It indicated that last autumn's rise in stamp duty , as well as speculation about more tax changes in next month's budget and the impact of the government's renters' rights bill, may be prompting some buy-to-let landlords to bail out and may be putting off others from investing in the sector.