Levenshulme and Burnage Property News
Cost of living crisis
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
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This Blog looks at what is happening in Manchester, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Tom Simper - Editor
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