London rent costs 37% of income

1st July 2016

Rents in London consume almost two fifths of household incomes. Charges in the private sector have soared to levels only seen before the 2008 crash. The Resolution Foundation think tank revealed that London renters spent 37% of their incomes. Analyst Lindsay Judge said: "Rising housing costs have dragged living standards down across the capital over the past two decades." Social renters spent more than a fifth of their incomes.

Evening Standard, Page: 27