UK Affordable Slow Pace Level Earnings? Average rents in the UK increased at a slower rate than average earnings last year, making rent more affordable, a new report from Zoopla reveals.

The latest rental market report on the property web page shows that rentals have increased on average to only half their earnings level.

Average rents increased by 2% to £ 876 in the 12 months to the end of September 2019. The average weekly rent, on the other hand, increased by 4% during the same period.

According to Zoopla, the typical tenant has spent 31.8% of its rental earnings, up from a 33.3% peak in 2016.

"Renting is more affordable today than the 10-year average," said Richard Donnell, director of research and knowledge at Zoopla. "This follows the weak rents in the last three years and an acceleration in average earnings growth."

UK Affordable Slow Pace Level Earnings

Donnell added that an increase in first-time buyers, with 80% of them leaving the private rental sector to buy, has also "moderate" demand for rent.

"Rent affordability varies widely across the country, reflecting the relative strength of local economies," he said.

London has proven to be the least affordable place to rent, with rent costs accounting for 46% of an average person's salary.

Oxford came in second, with renters generally spending 44% of their rent earnings, followed by Brighton (42%) and Cambridge (41.3%).

The cheapest places to rent a house in the country were Middlesbrough, Hull and Bradford.

Nottingham, Leeds and Bristol were the cities in the United Kingdom with the highest rental increases last year.

Rents in Nottingham rose 5.4%, followed by Leeds and Bristol (+ 4.5%).

Aberdeen had the fall, down 4.1% in the third quarter of the year, from the previous year. Zoopla said rents fell as a result of the collapse of oil prices.

SAEXPLORATION SHAREHOLDER ALERT: Faruqi & Faruqi, LLP encourages investors who have suffered losses in excess of $ 50,000 to invest in SAExploration Holdings, Inc. to contact the company

(MENAFN - Newsfile Corp) SAEXPLORATION SHAREHOLDER ALERT: Faruqi & Faruqi, LLP encourages investors with losses over $ 50,000 to Invest in SAExploration Holdings, Inc. to contact the company

New York, NY - (Newsfile Corp - October 15, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors of SAExploration Holdings, Inc. (NASDAQ: SAEX) (" SAExploration "or the" Company ") by October 17, 2019 to seek the role of lead plaintiff in a federal lawsuit filed against the Company.

The lawsuit was filed with the United States District Court for the South District of Texas on behalf of those who purchased SAExploration securities between March 15, 2016 and August 15, 2019 (the " Class "). The case, Bodin v. SAExploration Holdings, Inc. et al., No 19-cv-03089 was filed on August 18, 2019.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) The Company did not misclassify Alaska Seismic Ventures, LLC ("ASV") as an interest entity variable; (2) the Company had a controlling controlling interest in ASV, which required the Company to consolidate ASV in its financial statements; (3) the Company had poor internal controls over financial reporting; (4) such practices are likely to lead to an SEC investigation of the Company; (5) SAExploration would be required to delay the submission of its quarterly report for the quarter ended June 30, 2019; and (6) as a result, Defendants' statements regarding SAExploration's business, operations and prospects were materially false and misleading and / or did not have a reasonable basis at all relevant times. When the real details hit the market, the lawsuit claims that investors suffered damage.

On August 15, 2019, the Company announced in a press release that the SEC was conducting an inquiry into certain accounting matters that arose in 2015-2016. The press release also stated that the Company will re-issue its previously issued financial statements for the 2015-2018 fiscal years and delay the filing of its 10-Q for the quarter ending June 30, 2019. The Company He also announced that he had placed CEO and President Jeffrey Hastings on administrative leave, and had fired CFO and General Counsel Brent Whitely.

In this news, SAExploration stock price fell and hurt investors.

The court-appointed lead plaintiff is the investor with the highest financial interest in the requested class repair, which is appropriate and typical of class members who directs and supervises litigation on behalf of the putative class. Any member of the putative class may move to Court to serve as their main plaintiff through the counsel of their choice, or they may choose to do nothing and remain an absent member of the class. Your ability to participate in any recovery is not affected by your decision to serve as the main plaintiff or not.