Friday, August 23News For London

Tag: millenials

Millennials priced out of prosperous future

Millennials priced out of prosperous future

Housing
The rise of London living costs could force out millennials Traditionally, the charm of the capital has never failed to attract young millennials across the globe. With its lucrative job opportunities and unprecedented rooftop views, you quickly find yourself amidst the young crowds here to pursue a lifelong dream. Although, we are very familiar with the phrase ‘everything comes with a price’. Cost of living in the capital has dramatically increased making a decent living almost unaffordable, as house prices bear no relation to income. Unregulated rental prices by private landlords consume almost two-thirds of average salary. “We need to do everything we can to help Londoners who are struggling to pay their rents. That’s why I’m working with housing associations and councils to bui