Myth-busting – Electrical Safety installations Act 202011:19 AM, 3rd August 2020
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Sharers pay an average £360 per month for a room – which is 5% more expensive than anywhere else in Europe.
The figures were revealed from a study comparing rents in Britain, France, Italy and Spain by letting firm Easyroommate.
The findings show flats are around 56% more expensive in Britain than Spain, the average room rents there for £230 a month, while rents in Italy are an average 22% cheaper at £282 per month.
France is the second most expensive country to share a flat, with monthly rents of £342.
Flat sharers in Britain also paid the highest proportion of their gross salary in rents – but at 15%, they were only just ahead of renters in France and Italy, who paid 14%. Best off were those in Spain who paid 12%.
London was also the most expensive city, with average monthly rents of £520 per month – 21% higher than second-placed Paris’ average room rents of £419 per month, Milan came third.
British and French cities were the most expensive – taking eight of the 10 most expensive placings.
Spain was cheapest for city living, with Valencia, Seville and Zaragoza in the bottom five. Zaragoza was cheapest, with monthly rents averaging £201 per month.
Easyroomate director Jonathan Moore said: “Flat sharers in the UK face much higher bills than their European counterparts. The combination of high house prices with the ongoing lending crunch in the UK is leaving hundreds of thousands of frustrated buyers dependent on rental accommodation.
“Although UK renters may be taking home bigger pay cheques than those in Spain and Italy, a far bigger chunk of these earnings must be put towards rent each month. With rents rising in the UK at nearly double the rate of the average salary, this is only going to get worse. In contrast, although Spanish workers may be taking home much less than the average in the Eurozone, this is softened by rock-bottom rents.”
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