Something has to give in this infernal rental market
Evening Standard|November 15, 2022
LONDON rents have hit yet another record high, eating up 62 per cent of the average renting household’s posttax income, according to one estate agent.
Prudence Ivey
Something has to give in this infernal rental market

Meanwhile, another record: the number of private tenants facing eviction for falling behind on their rent.

So what can be done?

One option is to do nothing. We’re familiar with this because it’s been happening for years. But with private renting now the second largest tenure in England, accounting for a fifth of households, doing nothing is hardly the vote-neutral choice it once was. Mayor Sadiq Khan yesterday joined forces with renters’ charities to demand Government action to protect the capital’s 2.6 million private renters from spiralling costs and the spectre of homelessness.

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