Cable And Company LLC
  • Home
    • Home – Layout 1
  • Celebrity
  • Entertainment
  • Beauty
  • Culture
  • Fashion
  • Living
    • All
    • Health
    • Travel
    15 Best Coffee Shops and Cafes in Bath in 2023

    15 Best Coffee Shops and Cafes in Bath in 2023

    8 Practical Ways to End Your Amazon Addiction

    8 Practical Ways to End Your Amazon Addiction

    15 Best Day Trips From Durham NC in 2023

    15 Best Day Trips From Durham NC in 2023

    25 Best Things To Do in Tampa in 2023

    15 Best Day Trips From Tampa in 2023

    How to Stay Committed to Your Intentions and Overcome Self-Doubt

    How to Stay Committed to Your Intentions and Overcome Self-Doubt

    25 Best Things To Do in Tampa in 2023

    25 Best Things To Do in Tampa in 2023

    Trending Tags

    • Game of Thrones
    • Avengers: Endgame
    • Billboard
    • Holliwood
    • Music
  • About us
  • Contact us
  • Privacy Policy
SUBSCRIBE
No Result
View All Result
  • Home
    • Home – Layout 1
  • Celebrity
  • Entertainment
  • Beauty
  • Culture
  • Fashion
  • Living
    • All
    • Health
    • Travel
    15 Best Coffee Shops and Cafes in Bath in 2023

    15 Best Coffee Shops and Cafes in Bath in 2023

    8 Practical Ways to End Your Amazon Addiction

    8 Practical Ways to End Your Amazon Addiction

    15 Best Day Trips From Durham NC in 2023

    15 Best Day Trips From Durham NC in 2023

    25 Best Things To Do in Tampa in 2023

    15 Best Day Trips From Tampa in 2023

    How to Stay Committed to Your Intentions and Overcome Self-Doubt

    How to Stay Committed to Your Intentions and Overcome Self-Doubt

    25 Best Things To Do in Tampa in 2023

    25 Best Things To Do in Tampa in 2023

    Trending Tags

    • Game of Thrones
    • Avengers: Endgame
    • Billboard
    • Holliwood
    • Music
  • About us
  • Contact us
  • Privacy Policy
No Result
View All Result
Cable And Company LLC
No Result
View All Result

London Tenants Facing ‘increasingly Unaffordable’ Rents

by Cable and Company
August 9, 2022
Reading Time: 3 mins read
0
Free AI Tool Restores Old Photos By Creating Slightly New Loved Ones
Share on FacebookShare on Twitter

RELATED STORIES

What is the keto diet?

What is the keto diet?

September 27, 2023
DC Law Firms Seek Antitrust Lawyers as Demand Grows

DC Law Firms Seek Antitrust Lawyers as Demand Grows

September 27, 2023


Private tenants in London are facing “increasingly unaffordable” rents, the homeless charity Shelter has warned, as high demand and a shortage of properties in the capital has led to intense competition to secure accommodation.

The shortage has led to landlords demanding that prospective tenants compete in a bidding process for properties, while others were being asked for up to 12 months’ rent in advance, according to Ruth Ehrlich, Shelter’s policy manager.

“We are hearing from people every day who are battling increasingly unaffordable private rents, who are struggling to find somewhere to live,” Ehrlich told the Financial Times’s Money Clinic podcast. “And when they do, they’re being forced to jump through really extreme barriers just to access that home.”

Research from property site Zoopla found that rental growth in inner London was running at nearly 20 per cent in the first quarter of 2022 and was at 10 per cent in outer London. That compares with growth of around 2 per cent in the first quarter of 2019.

But agents said in many cases much higher rent increases were being pushed through. “We’re seeing reports of 40 per cent rent increases year on year, and on top of the cost of living crisis, it’s pushing a lot of families into financial hardship,” said Gregory Tsuman, director of lettings at Martyn Gerrard estate agents in north London and president-elect of trade body Propertymark.

He added that he had “never seen anything like it for the 20 years that I’ve been in the business”.

Supply of private rented accommodation has fallen sharply in London to a five-year-low after buy-to-let investors sold up or reduced their exposure during the coronavirus pandemic.

On average, letting agencies had 11.8 homes to rent in the capital in the year to date, compared with 21.8 in the five years to 2021, a fall of 48 per cent, according to Zoopla.

Richard Donnell, research director at Zoopla, said: “A lot of the focus has been on the sales market, but there’s actually an even greater supply squeeze in the lettings market and it’s worst in London.” 

Last week, Will a 28-year-old renter based in east London, who did not want his full name used, said trying to find a new place to live after being forced out of his previous flat earlier this year when the rent was put up, had been “really hard work”.

One letting agent asked how much he was willing to offer on a property for rent, warning him that others were offering £300 over the asking price. Last week, he went to seven viewings, adding that about half the properties he saw listed online had been snapped up by the time he responded. “I called for a property I saw listed the same day, and the estate agent said ‘I’ve already given out 30 spots for viewing.’” 

Some prospective tenants said they were being charged simply to view properties. Daniel, 25, who also did not want his surname used, said he was asked to pay a £600 deposit to view a three-bed home in the London Fields area, equivalent to one week’s rent.

Tsuman said a lack of housebuilding and landlords selling up — initially because of the introduction of a stamp duty surcharge in 2016 and then to take advantage of soaring house prices during the pandemic — meant demand was far outstripping supply.

“In May 2020, we had approximately five people competing for each property . . . May this year, that figure jumped to 35 people,” he explained.

You are seeing a snapshot of an interactive graphic. This is most likely due to being offline or JavaScript being disabled in your browser.

London tenants facing ‘increasingly unaffordable’ rents



Source link

2022 Sports Roundup, 1st Quarter
Culture

2022 Sports Roundup, 1st Quarter

by Cable and Company
December 13, 2022
Van Life in Portugal: Our 10 Day Portugal Campervan Trip
Travel

Van Life in Portugal: Our 10 Day Portugal Campervan Trip

by Cable and Company
July 7, 2023
TIFF 2022 Women Directors: Meet Laura Baumeister – “Daughter of Rage”
Entertainment

TIFF 2022 Women Directors: Meet Laura Baumeister – “Daughter of Rage”

by Cable and Company
September 8, 2022
10 Best Things To Do in Lamu in 2023
Travel

10 Best Things To Do in Lamu in 2023

by Cable and Company
September 6, 2023
Jessica Alba’s Esthetician Will Improve Your Skin With 3 Simple Hacks
Celebrity

Jessica Alba’s Esthetician Will Improve Your Skin With 3 Simple Hacks

by Cable and Company
July 6, 2023
Sparkles In Pastel Dress On Carpet – Hollywood Life
Celebrity

Sparkles In Pastel Dress On Carpet – Hollywood Life

by Cable and Company
November 21, 2022
Travis Scott & Kanye West Perform During Utopia Concert In Rome: Video – Hollywood Life
Celebrity

Travis Scott & Kanye West Perform During Utopia Concert In Rome: Video – Hollywood Life

by Cable and Company
August 8, 2023
Khloe Kardashian Shows Off Her Organized Pantry In New Video – Hollywood Life
Celebrity

Khloe Kardashian Shows Off Her Organized Pantry In New Video – Hollywood Life

by Cable and Company
May 18, 2023
Early Labor Day Deals You Can Shop Now From Coach, Pottery Barn & More
Celebrity

Early Labor Day Deals You Can Shop Now From Coach, Pottery Barn & More

by Cable and Company
August 19, 2022
23 Best Women’s Ski Suits for Winter — Best Ski Suits for Women
Fashion

23 Best Women’s Ski Suits for Winter — Best Ski Suits for Women

by Cable and Company
December 25, 2022
How Jill Duggar’s Approach to Parenting Differs From Her Famous Family
Celebrity

How Jill Duggar’s Approach to Parenting Differs From Her Famous Family

by Cable and Company
July 9, 2023
Denise Van Outen Hailed As ‘milf’ By Fans In Very Busty Swimwear
World

Denise Van Outen Hailed As ‘milf’ By Fans In Very Busty Swimwear

by Cable and Company
January 5, 2023
Cate Blanchett Steps Out With Daughter Edith At Venice Film Festival – Hollywood Life
Celebrity

Cate Blanchett Steps Out With Daughter Edith At Venice Film Festival – Hollywood Life

by Cable and Company
September 11, 2022
Erling Haaland doesn’t miss! Man City goal machine gifts 175
World

Google settles California lawsuit over its location-privacy

by Cable and Company
September 16, 2023
Revolve Labor Day Deals Starting at $7: Free People, AFRM, and More
Celebrity

Revolve Labor Day Deals Starting at $7: Free People, AFRM, and More

by Cable and Company
August 31, 2022

About Us

Your source for entertainment news, celebrities, celeb news, and celebrity gossip. Check out the hottest fashion, photos, movies and TV shows!

Follow Us

Recent Stories

  • Travis Barker Reveals He Suffered Trigeminal Neuralgia ‘Episode’ Amid COVID Diagnosis
  • Arnold Schwarzenegger Reveals Granddaughters’ Sweet Nickname for Him – Hollywood Life

Categories

  • Beauty
  • Celebrity
  • Culture
  • Entertainment
  • Fashion
  • Health
  • Living
  • News
  • Travel
  • World

Subscribe To Our Newsletter

  • About us
  • Contact us
  • Privacy Policy

© 2022 Cableandcompany.net - All Rights Reserved

No Result
View All Result
  • Home
    • Home – Layout 1
  • Landing Page
  • Buy JNews
  • Support Forum
  • Pre-sale Question
  • Contact Us
  • About us
  • Privacy Policy