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Main » 2016 » June » 17 » Millenialy and 57% of income on housing rent in London
Millenialy and 57% of income on housing rent in London



London's luxury housing market has "exploded" financial bubble. On the way - a modest housing market. We are about one-room apartments, which are usually removed millenialy - on AMarkets materials.




Countrywide report shows that one-bedroom apartments consume 57% of the monthly income of Gen 2000s. This is 16% more than in 2007. The average rent for a small house in London - it's $ 1609 per month. This is 48% higher than in the last nine years. At the same time according to Bloomberg, the British revenue for the same period increased by only 11%.

The graph shows how rose from 2007 to 2016 the share of rental expenses in the amount of British income: 




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