14 January, 2016
Londoners are now spending nearly two thirds of average income on rent as sky- high prices put even more homes out of reach.
Official figures released today show private- sector rent has rocketed up frm 49% of average pre-tax incme to 62% since 2010.
Six years ago, tenants spent more than half their income on putting a roof over their heads in only 5 London boroughs. That figure has now increased t 20 out f 32 in the capital.
The House of Commons library rental figures, obtained by Labour, found the biggest rise to be in Richmond, where rents had gone up 26% since 2010.
In Westminster they went up 22% , Hackney and Merton saw rise of 21%. Kensington and Chelsea where rent now consumes 96% of average income it has also increased by 21%.