Skip to content
Equality

London Rents Become More Affordable After Covid

  • Rent as a proportion of income in London has fallen since 2017
  • Remote working means tenants can live further from offices
A boat on the River Thames passes residential apartments in London. 

A boat on the River Thames passes residential apartments in London. 

Photographer: Hollie Adams/Bloomberg
By

Rented housing in London has become more affordable since the pandemic after a trend toward remote working allowed more tenants to live further from offices.

The portion of income people spend on rent declined to 39.8% last year from as much as 50.3% in 2017, the Office for National Statistics said Monday. While 2021’s reading is up slightly from the year before, it remains lower than the previous seven years.