Londoners Driven Out By Housing Costs

Almost a third (30%) of Londoners say they expect to be driven out of the capital by the high cost of housing.  Shelter’s figures also show that the two thirds (65%) of Londoners who don’t own their own home don’t think that they will ever be able to afford to buy in their area of London.  Shelter's findings coincide with the launch of its new campaign, Homes for London, demanding that the next Mayor of London gives housing the same leadership and profile given to transport through TfL.  With a chronic shortage of homes driving up prices, a typical deposit for a London home is now almost £85,000, with the median wage just £24,500. Average rents in London are already more than double the national average, at over £1,300 per month for a two bedroom property.  Read more on the Shelter website.