London has been notorious for being an expensive city to live in – the cost of housing has hit the roof and student accommodation becoming more expensive – the youth in London are at crossroads over the sudden boom in prices.
In an effort to stabilise the real estate market, London’s Mayor, Sadiq Khan has agreed to another London MP that it is the need of the hour to adopt “a strategic approach to rent stabilisation and control” in order to combat the housing crisis.
London has also been facing a homelessness crisis, which has been further amplified by Section 21, a law in which landlords can evict tenants after a fixed term ends or during a tenancy with no fixed end date or ‘periodic tenancy’ as it is known. The section has faced a lot of flak as it allows ‘no fault’ evictions which means that any tenant can be ordered to leave without any reason – it is a proposed change by the Mayor to remove the section as a part of his efforts.
Khan intends to publish “London Plan” which will detail his plans for the housing crisis and will be published in spring 2019.
The average rent in the UK is now £918, this is up by 1.5% on the same time last year according to @HomeLet. Average rents in London are now £1,597, up apparently by 4.4% on last year. pic.twitter.com/qYJPr8NWlK
— Henry Pryor (@HenryPryor) December 10, 2018
Omar, a student who lives in a shared flat, recalls his experience trying to find an apartment that was not exorbitantly priced. He did find one, yes, but only because they decided to compromise on quality of housing. “Student halls usually only accommodate first years, so by my second year I was out on the street hunting for houses. I found one a little far off from university, but I felt like it was a better choice than to pay much more to stay much closer.”
“I am not the only one with this dilemma though, students or even working professionals face the same. We don’t get to contribute to any savings or invest in anything else, all our money keeps flowing into rent.”
A government spokesperson said to the Guardian: “We spend £24bn a year on housing benefit each year. And since April we’ve provided additional, targeted housing support for low-income households by increasing more than 200 local housing allowance rates.”
Additionally, the government has also claimed that since 2011, they have provided a further £1bn in discretionary housing payment for local authorities to support vulnerable claimants with their housing costs, delivered over 378,000 new affordable properties since 2010 and are investing a further £9bn in affordable homes to buy and rent.
Considering that combating the housing crisis was a major promise of the Mayor’s 2016 electoral manifesto, it will lead to a huge boost to his numbers if he does campaign for better tenant rights. “I will fight for the mayor and London councils to have a greater say in strengthening renters’ rights over tenancy lengths, rent rises, and the quality of accommodation,” he said.