L ondon tenants are being forced to move out of their homes after being hit by sudden rent hikes as campaigners warn the chaotic market is breeding a “culture of malpractice” For months now an extreme lack of available rental stock in the capital has created fierce competition for new lettings, and led to a … Read more
Rental values in prime areas of London are now nine per cent higher than they were before the pandemic, with Knight Frank saying that low supply and high demand are combining to produce an imbalanced market. The number of market valuation appraisals was 40 per cent below the five-year average in April, while … Read more
T he number of Londoners who say food is unaffordable has doubled since last summer as the capital’s cost of living crisis tightens its grip. Across the capital 23 per cent said food bills are either “unaffordable” or “very unaffordable”, compared with just 12 per cent when they were last asked the question in June, … Read more
Rents in prime areas of London are rocketing at an annual level of 22.5 per cent according to LonRes. Despite the falls recorded when the pandemic hit, average rents – buoyed by the return of people to work and students to study – have recovered to above their pre-pandemic levels across central London. … Read more
It has been two uncertain years for all Australian states, but one big city has defied some odds while it has become bad for others. Since the pandemic began, the dividing lines that exist between the various Australian states and territories have been revealed, with huge differences in social, health and economic outcomes experienced across … Read more
L Ondon rents have risen to record highs in a “drastic” new cost of living squeeze for hundreds of thousands of renters, according to a new study. The average monthly rent in London rose 10.9 per cent last year to £ 2,142, sending them above pre-pandemic levels for the first time by the end of … Read more