It is a staggering figure. Londoners must earn more than £76,000 a year to afford the average privately rented home in the capital. A report by the G15 group, which represents London’s largest not-for-profit housing associations, highlights just how unaffordable the city has become.
Consider that two nurses on a salary of £38,000, sharing an averagely priced rented two-bedroom home, would be unable to afford market rents in almost half of London’s 32 boroughs. The capital simply cannot continue to thrive if it becomes a gated community for the rich.
