London rents 'could hit £2,700 a month' with costs 'spiralling' out of control

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London rents 'could hit £2,700 a month' with costs 'spiralling' out of control
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The average cost of renting in London could hit £2,700 by nest year

He said: "Private renters make up nearly a third of everyone living in the capital, but they are being constantly let down by a Government that refuses to listen and take urgent action to protect them from even greater financial hardship."

"The average London renter is already putting 40% of their wages straight into their landlord's pocket, and this situation shows no sign of improving on its own. A spokeswoman for the Department for Levelling Up, Housing and Communities said: "We recognise people are facing pressures in the private rented sector, which is why we introduced the Renters Bill, which is currently going through Parliament, and which will deliver a fairer deal for renters and landlords.

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