Edinburgh tenants spend half their pay on rent

New figures show Edinburgh is the second most expensive city in the UK for property rent.
New figures show Edinburgh is the second most expensive city in the UK for property rent.
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TENANTS in Edinburgh spend almost half of their take-home pay on rent.

New figures reveal that the Capital is the second most expensive city, behind London, in the UK to rent.

The average tenant spends up to 47 per cent of net income to keep a roof over their heads.

An analysis of the private rental sector in 16 cities calculated the most ­expensive and the cheapest places to rent, compared with local incomes.

It revealed that Edinburgh was the least affordable in Scotland, on a par with Birmingham, and second only to London, where renters part with 49 per cent of net earnings to keep a roof over their heads.

The figures, released by rental insurance company HomeLet, also show that the average cost of rents across Scotland fell by 4.4 per cent, from £614 to £587 between. But City Lets in the Capital says the average rental figure in the city is now £876 a month.

Molly Chesney, head of marketing for HomeLet, said: “You have pockets of cheaper rents, in comparison to the UK as a whole and super-desirable areas within them, and that’s what we seem to have with Edinburgh – it seems to be the attraction of a desirable city.”

Graeme Brown, director of Shelter Scotland, which has campaigned for a fairer rental sector, said that lack of affordability inevitably had a negative effect: “This comes as no surprise to Shelter Scotland and people living in the private rented sector in Edinburgh. High rents in cities like Edinburgh have a knock-on effect for the entire community.”