About 27% of the capital lives in privately rented accommodation and - worryingly - the cost of living crisis is as “dire as the pandemic in terms of homelessness”, experts are warning.
Average rental prices have reached a staggering £2,500 a month, while 40% of Londoners fear they will struggle to keep up with payments in the next six months, according to YouGov.
A Spareroom housing survey found room rents hit their highest levels on record in the third quarter of 2022 - after an 18% year on year rise and a 117% increase in demand vs. supply.
City Hall leaders, housing experts, charities and renters gathered at an emergency summit on the private sector at the Crystal - the London Assembly’s glossy new home in east London’s Docklands earlier today (Monday, November 14).
Video: LondonWorld/Getty Images
Average rental prices have reached a staggering £2,500 a month, while 40% of Londoners fear they will struggle to keep up with payments in the next six months, according to YouGov.
A Spareroom housing survey found room rents hit their highest levels on record in the third quarter of 2022 - after an 18% year on year rise and a 117% increase in demand vs. supply.
City Hall leaders, housing experts, charities and renters gathered at an emergency summit on the private sector at the Crystal - the London Assembly’s glossy new home in east London’s Docklands earlier today (Monday, November 14).
Video: LondonWorld/Getty Images
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