Wednesday, July 17News For London

Tag: Sketchy

A Realist’s Guide to Renting in London

A Realist’s Guide to Renting in London

Breaking News, Harrow, Housing, London, London Mayor, News, Opinion, ReportingWeek1, ReportingWeek2, Student
Recent data from OnTheMarket.com revealed that Londoners spend up to 61% of their income on rent, with Camden being the most expensive borough. This follows a study by the trade union GMB which found that between 2011 and 2017, rent prices for two-bedroom flats in London increased by 25.9% to an average of £1,500 per month while wages only increased by 9.1%. Today, in a letter seen by The Guardian, Sadiq Khan said that he is considering the introduction of rent controls in London: “The housing crisis is now having such an effect on a generation of Londoners in favour of rent stabilisation and control are becoming overwhelming.” Khan’s proposed changes focus on “no-fault evictions”, where landlords are able to evict tenants at the end of their initial fixed term which campaigning gro