Will constantly rising rents end up pushing you out of London?
Average rental costs in London may soar to £2,700 per month next year, new figures from City Hall suggest.
London families spend 40% of wages on rent and risk being driven into poverty by "sky-high" rents, campaigners say.is living in temporary accommodationBen Twomey, chief executive of campaign group Generation Rent, called for a "big increase" in affordable and social housing."The average London renter is already putting 40% of their wages straight into their landlord's pocket, and this situation shows no sign of improving on its own.
London Mayor Sadiq Khan, who branded that announcement "pathetic gesture politics", has campaigned for the government to introduce a two-year rental freeze and said the latest figures were a "clear picture" that controls were necessary.
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