Plymouth is the most renter-friendly city due to its low unemployment rate of 2.8%, and its low crime levels (59.4 cases per 1,000 people) and affordable rents, research from Insulation Express has found.
Only 32% of the average renter’s income is spent on rent – making it easier to save for a deposit.
In terms of affordability, Derby is the best city with tenants spending just over 1/5 (22%) of their wage on rent, followed by Sunderland who spend nearly 1/4 (23%.)
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London tenants face the most financial strain, spending nearly 2/3 (64%) of their salary on rent, followed by Reading where tenants spend almost 1/2 (49%) of their income on rent.
Belfast has seen the highest annual rent price rise of 2.2%, whereas comparatively, Sunderland and Newcastle Upon Tyne have seen the lowest – at just 0.5%.
Manchester has the highest crime rate, with a staggering 164.1 offenses per 1,000 people (16%).
By RYAN BEMBRIDGE
Source: Property Wire