Inside business

Yet another blow for ‘generation rent’ as post-pandemic normality resumes

Renters face paying nearly £500 more per year than they did 12 months ago, according to new data. James Moore asks: is there not so much as a glimmer of light for those caught in the unpleasant financial bind created by the UK’s housing crisis?

Tuesday 07 September 2021 21:30
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<p>Generation rent is in for more hard times as the market turns across Britain </p>

Generation rent is in for more hard times as the market turns across Britain

House prices continued their relentless northward march through the pandemic, with more than a little nudge from government policy, but there was at least some relief for renters.

The bills moved in the opposite direction for the latter, especially in urban areas. So did the proportion of their income renters spent on accommodation.

This offered some rare welcome news for “generation rent”, which for too long has been on the wrong side of government policy and is now being asked to shell out to “fix” social care too.

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