The private rented sector is now home to almost a third of the population in London. it is less common than home ownership but houses more people than social housing. The Royal Borough has one of the greatest concentrations of private renting in London.
Across England, in the last decade, rents have risen twice as fast as wages. Average rents in the Royal Borough (£1212 per month) are significantly higher than average for London (£800). In our research, 33% of tenants told us that they were unable to afford to pay for other essentials after paying rent. The true cost of renting in the Royal Borough means that resident on low to middle income are unable to have an affordable lifestyle.
The cost of renting is not the only difficulty faced by tenants. Poor housing conditions are affecting a cross-section of tenants living in the private sector. In London, around a fifth of PRS homes fail to meet the Decent Homes Standard, meaning many renters live in dangerous and hazardous conditions. Our research also found, 1 in 3 tenants reporting that their home did not meet their expectations regarding its conditions.
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Following the report launch, we wrote to the Leader of the Council, outlining four of our major policy recommendations. You can read the briefing here.