Britain’s rental market is hottest outside London
The pandemic has made the capital more affordable for tenants, and other cities less so
THAT LONDON’S rental market runs in a different gear to the rest of the country’s is news to no one. Rifle through estate agents’ offerings for Mayfair, a plutocrats’ playground in the West End, and you are spoilt for a choice of one-bed flats that can be rented for upwards of £10,000 ($13,450) a month. Come down from the stratosphere and rents are still eye-watering. In 2020 the median London household renting its home from a private landlord spent 38% of gross income, according to the Office for National Statistics. In England as a whole, the comparable figure was 23%.
This article appeared in the Britain section of the print edition under the headline “Catching up on the capital”
Britain December 4th 2021
- A proposed bill on conversion therapy could do more harm than good
- Britain’s chief spook sees China as the main intelligence threat
- To understand Lord Frost is to understand Britain’s approach to Brexit
- Britain’s rental market is hottest outside London
- Many more Hong Kongers are thinking about moving to Britain
- The quest for respectability—and votes—has transformed Sinn Fein
- Jordan Peterson and the lobster
From the December 4th 2021 edition
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