Rent in London Eats Up Two Thirds of Tenants' Incomes

Struggling private tenants in London are spending almost half their gross income on rent. In some boroughs rent swallows up more than two thirds of income, pushing leases on flats and houses even further out of the reach of ordinary Londoners. Rent takes up more than half of pre-tax income in 13 of the capital’s 32 boroughs. Even in the two most affordable areas — Bexley and Bromley — renters spend almost a third of their income on their home. The figures are before tax is deducted, meaning Londoners are spending significantly more than half of their take-home pay on rent. Read more on the Evening Standard website.