So I live in zone 3 in south west london and my rent is 1500pcm. I signed that rental contract in 2021, but since then average rents in my area have gone up 25% (my salary has gone up by ~10% in that time). My contract is coming up for renewal, and I'm bracing myself for 1800-1900 terms from my landlord. This has happened everywhere in London - 15% increases in the past year alone.
Seriously questioning whether to stay in London itself, but even outside of London rents have gone up crazy amounts given the average salaries of those areas. This country is starting to become unaffordable despite the fact that I'm technically >97th income percentile.
Seriously questioning whether to stay in London itself, but even outside of London rents have gone up crazy amounts given the average salaries of those areas. This country is starting to become unaffordable despite the fact that I'm technically >97th income percentile.