Londoners 'spend 59% income on rent', Shelter says

An estate agency in London London families spent '59% of their income on rent'

Related Stories

Up to 59% of a typical London family's income is spent on rents, a study by housing charity Shelter has revealed.

Private rents "eat up" more than 50% of a family's monthly earnings in 23 out of the capital's 33 boroughs.

Shelter said the "rent trap" in the private sector leaves families unable to save towards buying a home and urged London's mayor to intervene.

Mayor Boris Johnson said: "I think it's very important that we expand the supply available."

The report comes after the mayor put out a series of proposals in December to "empower tenants and landlords" in the private rental sector.

Shelter's report, based on an online study by YouGov of 1,397 adults in London in February 2012, found up to half (49%) of the people surveyed said they received "poor or very poor value for money from renting, from letting agents or private landlords".

A third of families also worried about their contract ending before they are able to move out.

Ten most expensive boroughs

  • Westminster - 91.4%
  • Kensington & Chelsea - 90.7%
  • Camden - 84.8%
  • Islington - 72.8%
  • Hammersmith & Fulham - 72.4%
  • Brent - 72.2%
  • Hackney - 71%
  • Tower Hamlets - 68.8%
  • Haringey - 62.5%
  • Ealing - 62.2%

Campbell Robb, chief executive of Shelter, said: "The news that renting in the capital is unaffordable isn't a surprise to the families across London who are stuck in the rent trap, unable to save anything towards a home of their own because they are paying out so much each month in rent.

"But the fact that rental costs in most areas of London are eating up more than half of family incomes should stop us in our tracks.

"Rising rents, the constant threat of eviction, and hidden fees are all par for the course in London's frantic rental market."

Mr Johnson said: "I think it's very important that we expand the supply available... we need more on the market altogether.

"What I think is less persuasive is the case for some sort of legislation about renting and prices. The difficulty with that we think is it would tend to drive them (landlords) out of the market."

The mayor's plans include getting funding from the government's £200m equity fund for the construction of new homes.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC London



27 °C 17 °C

Features & Analysis

  • Man holding lipWitch hunt

    The country where a blasphemy charge is a death sentence

  • Espresso cupNews quiz

    Which city serves the strongest cup of coffee?

  • Irvine WelshDeaf ears

    Five famous Scots who can't vote in the Scottish referendum

  • Electric chairReturn of 'the chair'

    Five people talk about their roles in Tennessee's execution debate

Elsewhere on the BBC

  • Canada.Hidden rail trip

    Canada's tiny, two-car shuttle is a train lover's dream with scenic views


  • A cargo shipThe Travel Show Watch

    It is not cheap or glamorous - so why are people choosing to travel by cargo ship?

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.