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Six Shocking Property Facts About How Hard Renters Have It In Britain

6 Shocking Facts That Show How Hard Renting Is In Britain
Asa Bennett
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Peter Dazeley via Getty Images

Ed Miliband sparked furious debate about the property market by pledging that a Labour government would cap private sector rent rises and scrap letting fees for tenants in order to help "generation rent".

Rising property prices mean that many Britons are forced to rent as they can't scrap together a deposit, while those who are renting face seeing increasingly bigger parts of their paycheque eaten up as rates keep rising. Homeless charity Shelter warned today that the "broken" property market could have prices soar yet higher.

The Tories may have branded Ed Miliband's proposal a trade-union inspired "gimmick", but the state of the property market for renters is still tough. So many young people are forced to rent until they can one day scrap together a deposit that some have branded them the "rentysomething" generation.

Here are just six shocking facts that show how hard it is for renters in Britain.

Ridiculous Cost Of Renting Facts
Rents are soaring as number of tenants outstrip supply (01 of06)
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The average rent paid by tenants in Britain rose by 2% in 2013 to £854 a month, according to Countrywide.
The cost of renting will keep on soaring(02 of06)
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Knight Frank predicted that rents will keep on rising over the next few years, growing by nearly a fifth by 2016.
Nine people are fighting to rent each property(03 of06)
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Zain Mahal of lettings agency Belvoir, said: "Demand is outstripping supply at a ratio of nine tenants to one property.""Properties are let within a couple of days of coming on the market and many are not even advertised because so many tenants are already registered."
Landlords are raking in thousands(04 of06)
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Landlords are making over £14,000 a year on average due to rising rents, with annual returns growing by 8.8% in the year to December 2013, according to LSL Property Services.
Renting is worse than buying a house(05 of06)
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Those who can't afford to buy a house outright could find that renting is actually £1,440-a-year more expensive than buying a house
You might as well move here(06 of06)
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It's cheaper to commute from Spain than to live in London, it'd appear
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