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A state of disrepair
04 April 2017
The UK housing crisis has become so bad that even wealthy young professionals are being forced to rent in squalid conditions, claims new research from Citizens Advice.
Over half of renters who earn more than £50,000 a year have experienced damp or mold during their current tenancy, and one in five have suffered an animal infestation, according to the research.
Despite better than average salaries young people in the highest 25% of earners are still struggling to buy their first home because of runaway house prices and high rental cost.
The Citizens Advice survey found the average yearly rent was £7,600, which rises to an eye watering £15,000 in London.
The charity is also worried that private renters are severely underprotected, and “have more rights buying a toaster than renting a home”. High prices also have no bearing on quality and any tenants are left paying too much for a product that is not fit for purpose.
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