UK millennials face a lifetime of renting, according to a report – here’s how other nations cope

In the former textile quarter of the southern German city of Augsburg, Matthew Robinson, a 35-year-old school teacher, his wife Karoline and their two toddler daughters live in a three-room flat with a balcony that runs almost the entire length. It looks out over former brick factories-turned-flats, a park and a stream, along which Matthew cycles to work. The monthly rent for the 80 sq metre space is €1,090 (£948), made up of €780 in net “cold” rent, €200 for all the amenities, €60 for a garage parking space and €50 for the built-in kitchen.

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