Londoners need a Mayor for Rent Controls
Paying more than a third of your income in rent is considered unaffordable. However, rent on a typical two-bedroom home costs some 45% of a full-time salary in London, analysis by Generation Rent finds today.
Moreover, private renters in nine London boroughs face paying half of their income or more on rent.
London’s skyrocketing rents are pushing families into poverty and financial stress, and making it harder to save or to start a family.