Five years ago, a third of the rooms available to rent in
London were priced below £500 a month. However, thanks to soaring demand, just
seven per cent of flatshares with London postcodes now cost less, prompting
experts to warn that it won't be long before rooms at this price cease to
exist. New figures from flatshare website SpareRoom.co.uk reveal that the
number of rooms priced above £1,000 a month in London has doubled since 2011,
while more than 40 per cent of rooms cost tenants £750-plus. Most room rentals
in the suburbs are advertised for less than £750 a month, but the number of
properties advertised for more than that is seven times what it was in 2011.
Read more on the Evening Standard website.
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Councillors unanimously refuse permission for 42-storey block of flats on
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Councillors in Birmingham have unanimously...
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