UK families among the worst off in Europe on housing costs

One in six people in the UK is spending more than 40 per cent of their income on housing costs, according to housing charity Shelter. 

Its findings are based on figures from the European Union, which define housing costs as mortgage or rent payments, structural insurance, mandatory service and charges, regular maintenance and repairs, taxes and utilities (water, lighting and heating).

The research ranks housing the UK as the third least affordable of the 29 European countries surveyed – only Denmark and Greece had a higher percentage of people spending as high a proportion of their income on these housing costs.

For more information, go to:

http://media.shelter.org.uk/home/press_releases/uk_third_least_affordable_in_europe_for_housing_costs