London average rent is now £2,206 a month up 11.6% or £26472 a year, all records… a just above the threshold higher rate taxpayer in London would have to pay two-thirds of take home pay on this average rent

by vonscharpling2

21 comments

  2. Is that for a 1 bed flat or 2? Or just the average property ? Not sure we can compare average property to a single persons income

  3. There needs to be some kind of rent control or cap. I’m so lucky to live in zone 2, but that’s in a tiny flat with my best friend, no garden, space is very limited. We both are in our 40s and have decent jobs but struggle to save money every month.
    Other people my age are living in accommodation that’s similar to student houses with up to 6 other people. Even looking at houses further out of the city, rent is still ridiculously high, and then you have travel costs on top of that. I’m currently cycling to work to avoid £10 per day travel.
    It sucks, all the people I know work in good jobs but live in conditions where they can’t save, everything is expensive, we are counting every penny. We will never be able to have stable accommodation because each year rent goes up and we have to search around for somewhere affordable to live.

  4. When are they going to do something about landlords and rent prices? If you want to get the economy growing, 2/3 of our income going straight into the pockets of landlords (a lot of whom aren’t even in the country!) is part of the problem! 

  5. I pay £1500/month in a flat share including bills, an amount that is greater than the tax free allowance. Absolutely absurd that the allowance doesn’t even cover rent. Rent should be tax exempt.

  6. Rent control isn’t the answer to a supply and demand problem. Building more houses is the only solution. 

  9. landlords are vultures and it’s mad that we’ve normalised this kind of greed

  10. I know so many people who work in west London and live on the M4 corridor. It’s not ideal but £350k will buy you a 3/4 bed house with garage and garage in a nice neighbourhood in Swindon etc with less than an hour drive into London. Many people work a hybrid model so it’s doable.

  11. Net migration numbers over the last few years have definitely forced rent to skyrocket

  12. Show me the median price. Also I’d like to see the data about the landlords. Many small time landlords who own one or two properties have sold because of high interest rates and more regulation. Meanwhile there are companies (investment funds, PE firms etc) owning hundreds of houses each which puts them in a position to manipulate the market.

  13. Landlords are putting our contract up by £200pm next year. We live in a rough area in zone 2 and the house has very poor insulation. Is there anything we can do about in terms of negotiating or do we just have to bite the bullet?

  14. Literally since before the time of Charles Dickens landlords have been shitty scumbags. We need a revolution of state owned housing because nobody else can be held accountable enough to do it properly.

  15. According to the times, those living in London average gross annual salary at £44,370. this is a take home of £35,466 before any pensions contributions and student loans.

    https://www.thetimes.com/money-mentor/income-budgeting/average-salary-london-uk

    If we take that into account, take home of about £31,000 seems reasonable.

    That leaves about £5k per year if you had an average wage with an average rent.

    It does not take into account that most only take one room or share the rent with at least 2-3 other people.

    But it does go to show starting a family with an average London wage and renting privately with one person as a stay at home parent is incredibly tough.

  16. It’s all self inflicted by the layer of local government. Supply needs to increase massively. London should be having a 7 figure housing pipeline.

  17. THIS IS FUCKING INSANE! It needs addressing before this government does anything else!!!

  18. Landlordism is a blight on society, leeches that simply suck value from working people and offer nothing in return.

  19. To those saying that it’s a supply & demand issue or that building new homes will fix this.

    [https://www.actiononemptyhomes.org/facts-and-figures](https://www.actiononemptyhomes.org/facts-and-figures)

    “Numbers of **long-term empty homes rose yet again** in 2024 by 4,000 to **265,061**. Long-term empties are now at their highest level since 2011 (excepting 2020’s pandemic-related data).

    **Second Homes** are **up 6.3%** since 2023, now **totalling 279,870.**”

    Sorry breaking it to you, but no, the problem is not supply & demand. The issue is that the fucking system is broken.

  20. Singapore also has restrictions on foreign ownership apart from specific development, unless you’re a citizen or a PR then no go for you

  21. I’m not a landlord but I do own a leasehold flat. Over the past 4 years service charges have almost tripled. I got so pissed off that I ran for building director, got voted in and saw the accounts.

    One big factor for rent increases is the insurance companies charging exorbitant amounts for adherence to the building safety act, and one off costs around inspection for the regulation.

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