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Soaring rent bites into Londoner's wages

New research by Shelter has revealed that in many areas of London soaring rents are eating up more than half of family wages. This comes as Boris Johnson launches a public consultation asking Londoners to tell him how to improve the capitals rental market.

Government figures analysed by the housing and homelessness charity found that in 23 of Londons 32 boroughs, typical private rents take up more than 50% of family incomes, rising from 19 boroughs last year. The average across London is 58.7%.

Below is a list of the 10 borough which have highest rent paid to money earned ratio

  • 1) Westminster 91.4%
  • 2) Kensington and Chelsea 90.7%
  • 3) Camden 84.8%
  • 4) Islington 72.8%
  • 5) Hammersmith and Fulham 72.4%
  • 6) Brent 72%
  • 7) Hackney 71.0%
  • 8) Tower Hamlets 68.8%
  • 9) Haringey 62.5%
  • 10) Ealing 62.2%

Londoners struggle due to soaring rent prices

A recent poll of Londoners commissioned by the charity revealed that almost half (49%) of London renters say that they receive poor or very poor value for money from renting from letting agents or private landlords in the capital.

Londoners are also among the unhappiest renters in the country, with a third (33%) of London renters worry about their contract being ended before they are able to move out, and 43% saying they don't think of their rented house as a home.

Below is a list of the capital's top 10 most unaffordable boroughs to rent in, according to a recent survey.

  • Westminster
  • Kensington and Chelsea
  • Camden
  • Islington
  • Hammersmith and Fulham
  • Brent
  • Hackney
  • Tower Hamlets
  • Haringey
  • Ealng

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