> London rent now costing 90% of an average salary
> the average advertised rent for properties is at £1,278 per calendar month (pcm) outside of London, and is up to £2,627 pcm in London, marking a 12.1% increase compared to last year
> This means the average annual rent in London is £31,524 a year. The average full-time salary in London is just shy of £37,000
I really can’t see how this is going to end. I’m a renter and honestly feel so stuck. We’re in a great 2 bed home and have been for 7 years, the rent has never increased, it’s an absolute bargain. We desperately need a 3rd bedroom but even doubling what we pay a month is going to be a downgrade in all but bedroom quantity. I now sleep on an air mattress in the living room for my kids to each have a room. It sucks.
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> London rent now costing 90% of an average salary
> the average advertised rent for properties is at £1,278 per calendar month (pcm) outside of London, and is up to £2,627 pcm in London, marking a 12.1% increase compared to last year
> This means the average annual rent in London is £31,524 a year. The average full-time salary in London is just shy of £37,000
I really can’t see how this is going to end. I’m a renter and honestly feel so stuck. We’re in a great 2 bed home and have been for 7 years, the rent has never increased, it’s an absolute bargain. We desperately need a 3rd bedroom but even doubling what we pay a month is going to be a downgrade in all but bedroom quantity. I now sleep on an air mattress in the living room for my kids to each have a room. It sucks.