Average cost of renting a house rises by three-figure amount in North Lincolnshire
THE average cost of renting a house in North Lincolnshire is rising by £136 a year, new figures show.
'The Rent Trap', a new report from the housing charity Shelter, analysed Government figures to find that average private rents in North Lincolnshire rose by 2.6 per cent from 2011 to 2012, equivalent to an increase of £136 in a year on a typical rented home.
Average private rents in Yorkshire & Humber rose by 2.7 per cent in the same time, equivalent to an increase of £174 year on a typical rented home. In the same period, the average wage in Yorkshire & Humber rose by 1.9 per cent.
The figures place North Lincolnshire seventh in a list of Yorkshire and Humber local authorities with the fastest rising rents.
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Rents in Leeds rose at the fastest rate in Yorkshire & Humber, equivalent to an increase of £581 in a year.
Campbell Robb, chief executive of Shelter, said: "This report reveals the huge scale of the rent trap holding back young people and families in Yorkshire & Humber. Rising rents are leaving people with little or nothing to save at the end of each month, giving them little chance of ever saving enough to climb on to the property ladder.
"The renters we speak to have never been less hopeful. A relentless stream of rent rises means that most feel they will never move on from a life paying 'dead money' to landlords, in a home that they can't make their own. And for some, rising rents have more immediate consequences – not enough money to spend on food, fuel or other essentials.
"Unless something changes, the chances of the next generation getting a home to call their own look increasingly bleak. The government needs to show young people and families exactly how it plans to dismantle the rent trap for good."