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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.

On average Londoners need to be earning £76,261 to afford the average private rent in the capital, the Funding London’s Affordable Home report found