Blog Post

Cost of living crisis

TomS - Head Tom Simper Jul 9, 2022, 10:00 AM
266_Dataloft_inform_Insight

Over 75% of renters are concerned about the impact of the cost of living crisis on their ability to pay rent, according to a survey of over 12,000 renters nationwide conducted by Dataloft with HomeLet in May 2022.

Generation Z renters are the most concerned, 85% stating the cost of living crisis will have a moderate to significant impact. More than 1 in 4 rate the impact as 'significant'.

Overall, just 11% of renters feel the cost of living crisis will have no impact. However this ranges from 5% for Generation Z to 18% for Baby Boomers, the latter the least concerned of all age groups.

Rents account for an average of 30.5% of a renter's gross monthly income (up to 34% in London). With inflation at 9.1%, a 40-year high and predicted to rise further, households are feeling the squeeze. Source: Dataloft, HomeLet, national survey of 12,000 renters May 2022

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"Went above and beyond helping us secure a home, truly kind people"

- Anya

"Very good estate agency"

- Junaid

"nothing written"

- Nadeeka Edirisinghalage

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"Keep it up the good work. I thank you very much"

- Richard

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"Abbey was very nice and explanatory in all she was saying and Gill is quick to respond"

- Tope

"Friendly and helpful. No problems everything ran smoothly as expected and professionally."

- David