London Rent Now Equivalent to Two-Thirds of a Woman’s Salary
The figures underline the crisis of affordability in London’s rental market.
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London rent is now so high that a woman on an average salary would need to double her pay to afford it.
The capital’s private rental market has exploded in recent months, with prices rocketing to their highest level against earnings in seven years, according to analysis by estate agents Hamptons International for Bloomberg News. In May, average rents across Greater London were £2,234, a 13% increase from the same time last year, the group said.