I left London (native here) 15 years ago to live abroad - the biggest factor in my decision was the % of my salary I spent on rent. It was a scam then, it's a bigger scam now.

It's not just in London. London, Lisbon , Dublin, Berlin, Amsterdam, Toronto, New York, etc. Basically almost every capital of the developed world have the price of rent out of control.

The biggest scam is paying £1300 pm in rent but not qualifying for £700 mortgage because "you're not earning enough".

I’m Canadian 🇨🇦, and albeit the staggering prices are not the same as London, inflation is out of control . My rent for a two bedroom was $1000.00, increased to 1500 last April. When I talked to new tenants, they have the same size place as I do, and they signed their lease for $1850.00 😮. How can one LIVE if all we do is work to pay rent? Governments wonder why people’s mental health is being compromised, why crime is increasing, and homelessness is out of control. This is not sustainable in any country!!

I moved from Melbourne Australia to London and I was shocked at how low the salary is in London. Yet the cost of living is one of the highest in the world.

The biggest part of the scam is that the properties are extremely poorly maintained. Paying 1450 a month for a single bedroom flat in Ealing, with a flat that is falling apart and the agency and offshore landlords do not seem to care - and I've experienced and heard about this time and time again while living here. Agencies and landlords need to understand that part of what I pay for is maintaining the property. Also - if anyone is looking for property, GRILL THE AGENCY for DETAILS. They love being delightfully vague, wherever possible.(EDIT) UPDATE: Gave notice at place, landlord now charging 1600 for same flat. Agency actively lied to people viewing flat when asked about mould problem (I was present)

In the 70s, I had a small bedsit in Albany Street, the eastern boundary of Regent´s Park. My rent was GBP 4.50 a week. Being a professional singer at the time, I only needed to sing at one service at St Paul´s Cathedral to earn the rent. I hate to think what the ratio would be now.

I personally found that London is also a lonely city to live in. A lot of people are so in their own world it's hard to make connections outside of the work life. Adding on top that it's expensive to do anything there so you become all the more isolated. I was pay check to pay check at one point, so it started to get me down all the more. Im glad I left when I did, and although I wouldn't live in London again I still go as a visitor to enjoy seeing or doing things in the centre. It's a shame really, you could have a good life there if it wasn't owned by the corrupt and foreign property sharks.

lived in London for 14 years, owned nothing, moved away, now own my own home, etc, great city but it bleeds you dry and holds you back. it's a trap that you don't see until you leave.

And employers are shocked that there isn't a ready supply of workers in London. They need to offer a wage that, after taxes, can cover the rent.

The poorest I have ever been in my life was when I was studying at university in London. At that time (2005-2009) the minimum wage I was earning was 5.70 and I was paying between 500 and 600 pounds for rent. I remember only working to survive and I was happy when I had enoguh for the basics.

As someone currently trying to rent in London, I’ve also noticed that it’s the estate agents running bidding wars for properties. These agents in the video know exactly how desperate we are and are pretending like they don’t get a fat cut of it themselves. After 15 years living in this city it was always normally a first come first serve basis for property. They would hound you to put down a deposit immediately before letting you out of their sight and now all we hear is “submit your bid by 9am tomorrow and we will contact you if you are successful”. This time around I have bid for 8 properties and lost (by a considerable amount) at each and every property. As someone whose industry only exists within the city I can’t just move elsewhere. Like many, I’ve received no wage increase for 2 years now and the cost of living crisis has taken its toll. Now to not be able to afford a property to rent in the city I love and call home, I can’t afford to live here, and barely work here, reasonably anymore.

I live in Central London, and my rent went up from £850 a month to £1100 in January 2023. That's around a 25-30% increase. I'm a born and raised Londoner and I love living here, but I'm starting to seriously consider moving outside the UK and into a city with a lower cost of living and higher morale :(

People are forgetting one thing far too often: It's not just capital cities. Because people are forced out of capital cities, they have to move into surrounding cities. And that causes rent to go up in these places too; for people that can afford it even less. So the many people's solution of just letting these cities get out of control and just move elsewhere is not a real solution. Rents are up all over the place. This trend has only known one direction for the past decade

Can confirm the rent is absolutely disgusting in London now. The only way you can survive on an average salary is to rent a room in a shared house but even that is becoming unaffordable.

One of the main issues with flats in the Uk is also that the quality is crap, but landlords have no interest in fixing them. Mold, creaky floors and stairs, craks, old pipes, old windows...

After decades of living in and not being able to afford a property I've relocated out of London for good. The rent increases were just too much and I now I'm living in a 2 bed, 2 bathroom large house and a nice area in the midlands for HALF the price of my rent in London. I'm massively grateful for living london, for the friends I made, The career opportunities I've had and the experiences I've had. However, I can now have a life, and a great lifestyle now I no longer live there.

I've long since been perplexed at how low the salaries are vs how high the rent is in London. As an Engineer, I might be paid £35k in London, but the rent would be £1500, and everything else isn't cheap either. Rents in London are almost as high as New York City, but in New York you'll probably earn at least double the salary as London. It just doesn't make sense, and I question the sanity of anyone who chooses to relocate there.

I lived in the UK all my life, (minus 3 years when I lived in Spain) mainly London. Prior to immigrating, I always said that while in the UK, London would be the only place I would choose to live. Since returning from Spain recently, (surprisingly, I have no longer interest in living in London, I am fortunate to own and not have to rent) So I have made a choice to purchase 60 miles outside of the capital . This was based on 3 things: 1- Conforming to a more chilled way of life (after living in spain) and being able to dip in and out of the fast lane by choice. 2- Cheaper property market for equivalent homes 3- The UK's 'ever growing' transport infrastructure - I can get from my base to the capital (60 miles) in 38 mins on the high speed!. But this will not last for long has the developers and government will increase these current property prices knowing this. I agree that London is a great place to live, socialise and is full of career opportunity, but like a job, when you are at the beginning of both your career work life, yes it is attractive and fast paced. But then with maturity and principles changing you end up wanting the opposite of before. Which normally comes down to moving away or back to your roots outside of all this and 'dipping' into it as and when. I also used to rent, but was lucky to get a low mortgage (prior to today's horrendous rents and mortgages) and since repaid it. The government will never subsidise or support renters or homeowners, they are solely in it for themselves. If you look at any new development block of flats etc, 85% of those units will be bought-up by either chinese investors or uk based landlords, and rented out to UK residents at 'greedy' monthly rents. So unfortunately it's a 'loose -loose' situ for renters.

Lived in London from 1992 to 2010. Was lucky enough to buy a decent property at the time (possibly the best decision of my life). Having spent 11 years overseas, we are back home but, I can't even imagine having to live in London anymore. I still work in London but decided to buy in Penkridge (little village near Stafford). Much better quality of life and a peaceful life. I know living in London is a big pull- it is a fantastic city- but especially for people raising a young family, and if online work allows you, I would recommend exploring other parts of the country.

The UK dream is to get selected to be on Love Island so you can afford an apartment from all the sponsorships and agencies that will come to you.

As a spouse of a senior IT engineer, I was blown away of how low the salary is in UK. It’s 3x less than in the U.S. So why stay there? Get a job abroad and get paid more and live in the same standard as there if not better and reasonable cost of housing. The UK will lose a lot of good skilled employees if the pay is this low.

It's not just London, I've been living in Manchester for 10 years and this had become ridiculous. I'm leaving the UK next summer...

In Toronto the average rent for a purpose built rental just surpassed $3,000 CDN per month as stated in the Toronto Star last week. When I moved here in the 80s a young person could survive and even live on their own but now that is not the case unless a high paying job exists. The reasons being supply not meeting demand, outdated zoning laws and a slow down in building new properties of any sort. We have some conditional rent control but reno-eviction definitely exists here.

This world has become so unlivable it’s frightening for the future generation 😢

Living in NYC, these rents don’t seem too bad to me. However, based on what I’ve heard, salaries in London are way less than in NYC for many industries.

Some landlords are reasonable. We rent a flat in SE London, zone 3, and our rent was increased by 7.7% last July. This was after 2 years with no rent increase. The extra bonus is they allowed us to sign a 2 year contract so that rent is locked in until at least August 2024. Ours is managed by a great agency and the owners are a fairly large company with lots of properties. They sort issues out straight away. We have also lived here for 5 years so I guess they value loyalty too. So there are some good places out there.

The key to enjoying life in London is being able to afford it.

Rent is out of control everywhere. The problem with capitalism is that everything goes up EXCEPT for wages.

The London I remember from my teens was comparatively grim, loads of empty ex-industrial buildings, way fewer nice places to eat, lots of stuff closed on Sundays, and a lot of inner suburbs were pretty rough. A night out meant hours on the nightbus to get home or freezing at Waterloo Station waiting for the first train. The plus side was cheaper rent, way more diversity of people, I don't just mean ethnicity, London is still ethnically diverse, but also in terms of income and occupation, and I think a sense of less pressure. Weird things and eccentric people were able to exist and not get wiped out by the pressure of money. I did my degree there starting 2000 and had a massive bedroom over a post office for low rent. There was even an adjoining room which I hardly used. Walking round my neighbourhood was full of surprises and inspiration. I think after the 2008 financial crash people started ploughing loads of money into the new properties because London was a safe bet to invest, this plus the Olympics meant that huge parts of the city were turned into luxury housing. Now the city is a total playground for people who have the cash, as there is so much there to cater for them - shops, cafes, nights out etc. I wanted to move back into C. London for years, but I'm realising that that London I knew is kind of gone now. It's fine, the world changes, it's just different place for a different kind of people.

Living in capital cities is a nightmare, I moved to a city located 1h by train from the capital. In that 2nd tier city, the prices have barely changed. I bought 2 apartments in the same neighborhood there for a fraction of the price in the capital. Even my 2 apartments combined couldn't even pay for a low quality flat in the capital. Secondly, I work remotely most of the time anyway, I could be in Thailand and most people wouldn't even notice.

$2900 a month, that's a 500 square foot studio in Downtown San Diego, a 2 bedroom is around $5500 down here and you have to make 3X a month that amount to even be considered for renting

So I watched the video about rent in New York and there was this woman who said she had no choice but leaving to go to...London because life or rent would be cheaper, oh well 🥲 This global cost of living crisis is INSANE!

It amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that oppor-tunities abound in the financial markets, The only thing is to know where to focus....Thanks so much Rodger Michael Karl.

So one thing I thought of when watching this was the fact in the US the vast majority of mortgages are fixed rate and therefore homeowners will always have to pay the same amount every month (of coarse property tax can change at a few percent per year). In the UK many are variable so when the UK raises interest it also raises how much owners need to pay and therefore they how much they need to get from renters. Now don’t get me wrong I’m sure there are bad owners out there who are just trying to drain as much money as possible from renters, but I think a large portion actually need the rent increases to stay afloat. Why does the UK mortgage system have such a high amount of variable rates?

We’re feeling this in the USA as well! Here in Oregon, rent went up in 2022, 8.9% and this year (2023), it’s going up another 14.9%

Absolutely unbelievable, even a 10% rise in rent annually is difficult for most people.

room so small the door doesn't fully open before hitting the bed frame - Legendary things that only happen in London. In France there is actually a law and a minimum surface for something you can rent. some landlord manage to rent unlawful places to migrants but when they get busted they get busted hard.

I've considered moving out of London before because of the cost of renting a place. The most recent 'spanner' in the works has now given me renewed resolve to get out of here within a year. The estate agents just came to all of us in the flat and has given us an ultimatum - Take a place at an alternative accommodation at a higher price (but with smaller rooms); I suppose they didn't have to give us first choice on the new place, or move out in 2 months. I've had enough of this. It was hurting a few years back but now it's just painful; There's this long-term low level anxiety that I feel over the thought of these increases and finding it more and more difficult to find a place where I have enough space to live comfortably. Even people I worked with recently who come in to london to do construction work from other areas in the uk have told me that I'm crazy to still live in london given that the cost of my room is greater than say, half the price of a 1 bed flat elsewhere far from the Capital. The only thing keeping me here was work. I don't have anything keeping me here except that. There is a bit of a fear factor though.

I was shocked at how dirty and unfriendly London is. I didn't expect to see the capital of Great Britain like this 😢 We live near Manchester, it's a completely different atmosphere here. Clean streets, friendly people, sufficient choice of houses for rent. And rent prices in London look absolutely unacceptable 😮 when you know how much it must cost.

My landlord tried to raise the rent for a 3 bed house share from 1800 to 2600 whilst ignoring complaints about mould. The rent is rising but the wages aren’t raising at the same rate, they are pushing out all lower income people or forcing us into more cramped house shares to be able to stay in the city

What most amazes me is how over the years people have passively accepted the increasing squeezing of their incomes.

Back in 1990 an engineer from London told me that people were commuting for their daily work in London even from places as far as Nottingham .

This tenant pays for an accommodation service. It is none of his business what the LL might do with the rental income. He might use some or all of it to service finance conmitments of the property or he might not! The LL is ENTITLED to spend the rental income on what he wants. He might CHOOSE to spend it all on wine; women and song and waste the rest! It is entirely the prerogative of of the LL as to what he does with the rental income for the accommodation service he provides. We hear it time and time agsin from whingeing tenants that they are paying the LL mortgage. Even if they are it is totally irrelevant. The tenant is paying for an accommodation service It is IRRELEVANT how that service is being provisioned.

living in Lodnon is like backpacking. Its good when you are young for a couple of years, to meet people and experience the good points, but after that i really cant see why poeple want to stay long term. You can live close to visit often but live in a safe affordable place. the reality is when you have more disposable income you can plan for better future for you and your family and actually do more ti give yourself a better quality of life. Everyone i know has been a victim of crime who lives in London. They accept it as normal. Its bizarre to me

Moved to London in 2008, 8 people for 1 bathroom was a norm, but rooms were maybe £200-300pm. By the time I moved out in 2016, even smaller rooms were £550. Moved to Manchester 1 year later and finally was able to rent my own studio flat for £400- finally no sharing and a great location! Left the UK to work abroad in 2018 and looking at these attrocious prices and challenges to even find something, not coming back anytime soon 😑

We are stuck in the cycle of paying rent as a family of 3 in London, zone three. With the current cost of living crises it seems we will NEVER own our own patch of land because saving anything is just impossible. We also live frugally and take inexpensive day trips across the city for entertainment. Soon however, we will be forced to leave the city we love because of no rent control.

I live in the US rural Ga. Our rent went from 765.00 to 1125.00. We’re expecting an increase this autumn that’ll take place first of the year

That's the problem when a country heavily invests in one city, demand of people wanting to live there outstrips supply.

I had to leave London for this exact reason back in 2015 where a ROOM at almost £1000 a month was the norm....I first moved here in 1998 and it was affordable and fun - and I wanted to live here the rest of my life...pushing people out who earn decent money is destroying the city.

I think problem UK facing currently is also showing the direction been taking for last decade’s country was on… from manufacturing superpower to more service orientated economy which had long term effects on countries wealth security and prosperity

We left London 3 years ago and moved to sunny Spain. We have no regret at all! The flat where we live now has 2 big bedrooms and it's €660, 3 mins walking distance to the beach. 🏖 🏝 London is a fantastic city but not for living for sure!!

Moved away in 2019. Best decision I've made. It was fun for a bit, but not a place to call home.

Portuguese here living in Dublin for 8 years. When I came to Dublin I used to mention to my Irish colleagues "salaries in Lisbon are lower but at least property is cheap...". Long gone are those days. Dublin and Lisbon are pretty much on par in regards to housing costs. So it is a common problem, not only for London.

What did NOT help in fact CONTRIBUTED to rent increase was when foreign investors were allowed to buy UK property. The vast majority of EU countries will not allow outside nationals buying BULK amounts of properties...

Well, that happens anywhere in the world. Rental Business is where owners get their needs as a source of income. This should not be a charity for some reasons that the landlord's own family will suffer in the long run because of the inflation happening around the world. Here in Asia is also like that anyway.

Tokyo went from the most expensive city in the world, to one of the most affordable by incentivizing one thing: Building more housing Japan made it easier to build homes by nationalizing zoning restrictions. This allowed them to apply strict safety codes across the whole country, while disallowing local bodies from restricting housing. It also made building much easier, as it the zoning and approval process was the same across the country. Everyone wants their property to go up in value, so they fight other developments in the area. This leads to artificial restrictions in housing supply, and thus artificially high prices. Local property owners should not be allowed to control how land they do not own is used

They forgot to mention the Airbnb issue in big cities , which take off long term rental appartment.

You know why properties are going up in rent? It’s because with the costs raising on everything and the fact that during the pandemic tenants stopped paying rent how are landlords going to be able to afford to pay the mortgages?

I just been served a section 21 eviction notice. Without even discussing the possibility of rent increase. Landlord just wanted to sell the property probably due to increase in his BTL mortgage

Needless to say that we're facing a similar situation over here in the Netherlands. As a result from all the protests and media attention, steps are taken by our government, such as a points system for properties, a rent increase limit and fiscal changes for landlords.

Just please don't come to Barcelona. Rent is impossible for locals here

Left London 2 months ago for good. Living in Scotland in a wonderful apartment near the sea more than 3 times cheaper than in London

I know a friend she lives at a block of flats where she pays £1600 pcm but the flat next to her is social housing its exact same flat and that lady pays £525 pcm There should be rule that private rent should only be double the rent of social housing not 3 or some cases 4 times the social housing rent My friend is considering quiting her job just to go on benefits to get herself a social housing property This is a vicious circle no control is putting the country in

There’s a huge problem with ghost towers in London. The most profitable thing for builders to do is to sell flats off to foreign investors as purely speculative investments. Often selling a whole block of flats before construction has started. The rate of increase in the value of property has historically been multiple times higher than the money that would be gained from rent - so why risk renting them out. My flat in central London overlooked a new build with 8 huge 3-bedroom flats. Each would have held 4 of the 2-bed flat I was living. One was occupied the whole time I was there of the other 7 I only once saw one man staying in one of the other flats for 3 weeks during the year I lived there. I passed over new build towers including those 20-30 stories high where you could tell they were almost all empty looking at the lights in the windows at night. Flats are getting built they just aren’t getting used as housing. UK property is well known to be the easiest way to launder money in the world. Others have mentioned AirBnB: another case of housing not being used for people to permanently live in.

I lived in London with my partner for 5 years and on the same day our landlord proposed a 36% increase to our rent, we handed in our notice and moved to Milton Keynes. Still work in London and only need to be there 3x a week, but moving out and to somewhere else with better value was a good call

As a landlord myself I feel it is very unfair that everyone is blaming the landlords and takes away our rights all the time. The rent rise is mainly because of the bank of England increasing mortage rates through the roof, so we need to offset the increases through raising the rent, otherwise we have to pay the difference ourselves. The other reason you see rent rising is precisely because less and less people want to be landlords. And it is not hard to see why. With the amount of leverage everyone has over landlords, from the government to the freeholders, to the councils to the tenants, it is just not worth it anymore. Imagine you invest £100,000 of your hard earned money somewhere and then realising that you have the least control out of everyone and everyone can tell you how you should use your investment: banks can double you mortgage pay overnight, freeholder can ignore you completely (so building issues are not addressed), government introduces new regulations yearly, tenant can trash the place and refuse to leave without paying for 6 months to a year, and council can increase payments and refuse to do the basic things. Besides, as a tenant you always have the freedom to move to a less expensive area. Why is it that tesco can raise their product prices by 60% and everyone is fine with it, but if landlords ar raising the rents by 30% then the landlords are evil and should be crucified? You think facing a 30% increase in rents as a tenant is hard? Try to be a landlord with a 100% payment increases (and deal with all the builshit from everyone) and see for yourself how hard and expensive it is.

Video titled: 'Why rent is out of control in London' Mentions multiple times that supply and demand are out of sync as a reason. Does not even ATTEMPT to explain why supply and demand are out of sync. Great video CNBC you really did a great job explaining the issue

Thank you for this wonderful video! I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

Very informative Thanks for sharing God bless

Why no one asked the question what % mortgage interest payment had went up during the period? It’s 230%!!!! Rent is just a means to measure how much it costs to make use of a property at a given time. The landlords have no fault they need to make fund to pay for their mortgage too unless the Banks are running a charity program which unfortunately they are not. So next time when we discuss this topic of rent increase please please focus on the real issue - build more houses!!! Then rent can’t rise too fast because abandoned supplies

My rent increased 15% this year in Dallas, Texas

I’ve lived in a shared house in London for 3 years and now moving out due to rent increases. Luckily my work will allow WFH anywhere in the country which is lucky compared to others. Problem is that even if you move out season ticket costs are a nightmare also.

Interest rate going up, and for landlord tax are paid for the full rental income regardless of the huge mortgage interest.

The salaries in Britain are incredibly too low compared to Australia especially. You can hardly survive on 1 income really. 😢

To the lady from the real estate agency: landlords are definitely driving the increase!!! They are taking advantage that the mortgage rates are up and they're putting the rent prices up as well. Are all London landlords remortgaging this year? This is ridiculous, an absolute shitshow. I had the worst 3 months of my life trying to find a flat in the winter of 2022. I blame the government who doesn't take care of its people.

I remember the days of the council estates and genuinely cheap rents and the councils still use to struggle to find tenants with nearly a quarter of some estates empty.....in London🤔.

7:32 one bedroom apartments being advertised for two people for having bunk beds and with washing machine in the living room beside their dinner table for 2000 euros (?) 1:37 27% rent increase in a year (?) That's insane and deplorable that the government isn't intervening. Where I live salaries are remaining stagnant for years and barely get adjusted to inflation. No wonder so many people are struggling to even afford to live alone anymore.

Rents may have gone up by 25%, but this video fails to look at the situation from the landlords perspective. With interest rates as high as they are currently, a landlord might be paying a 300% increase in their mortgages... and they subsequently need to pass on a portions of this increased cost to the tenants. They're running a business at the end of the day - not a charity.

Sometimes is not just the landlord but the agencies, that tell the landlord how much they should increase in terms of the area, or what the average rent price of their property should go, so the problem starts there. We often believe the landlords are the worst in this conflict, but the agencies are incredibly cunning with the tenants, I had the same issue where the landlord had nothing to do, and the agency was being more complicated over and over to even negotiate.

I like how my man says that transportation in london has improved and yet underground is always delayed and if you live south of the river you literally have little to no connections apart from rail. And in some places overground

As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

My Landlord served me notice 21 after 4 years of tenancy..... He just did that to get rid off me because he couldn't increase rent for me because of tenancy agreement which we sign. So when i moved out he increase rent by £700 I was paying 1800....and for new tenants he put lovely new price 2500 And the house is not even worth it....

Londoner here, I left over 12 years ago, just after Uni. I lived across Europe, now in Canada. It’s a shame that there are no regulations regarding rent increases.

Lived in London my whole life for 25 years before deciding to move to Bedfordshire. Can easily commute back into London when I need to. For me the prices, crime, underground commute and pollution all became too much.

I love living in London but I’m considering leaving because living costs are insane.

Rents going up is a direct result of the interest rates going up. That makes borrowing money more expensive which pushes mortgage payments of the landlords who have to pass the increases to the renters to be able to make any profits. Also, taxation rules have changed making it less profitable to be a landlord in general. Landlords aren't a charitable organisation. Tenants fight back landlords making it impossible to make money from being a landlord, guess what supply reduces further making rents more expensive. Rental houses become AirBnBs instead, or they get sold on.

Lived in London 21 years.. loved it but it's a mug's game.. wasn't able to save any money .. moved up North and my salary is good and my rent for a 2 bed terrace house is £395 .. I'm able to save for a mortgage now and will be buying a flat in Newcastle later this year.. my brother still lives in London and I'm trying to get him to think about it not being the centre of the universe

In Montréal (Province of Québec, Canada), Inflation has been harder on futur house buyers than on renters. Here we have a government watchdog that has final say in rent hikes. A landlord cannot impose a 10% or 15% or more without serious invesments in the building. The increase is usually in the range of 2-3% a year ...maximum.

I am a FATHER and "I MATTER" ITS TIME TO SAVE OUR NATION REFORM UK The people are now, more than ever becoming aware that REFORM UK is the best choice for our nation. They have constantly been giving us sound advice now for many years in relation to a multitude of issues relating to immigration, migrant crisis, current economic issues and sclerotic mindset of our politicians and was always shut down and silenced. REFORM UK have been the voice of reason for many years and no one listened, well the people are listening now. We can only hope Nigel Richard and REFORM UK continue to be tenacious and we, the hard working people of the UK stand and be counted and we may just see a time, once again, where are children feel safe, our communities are cohesive and our great British values are never again pushed so far from us that our very identity is eroded beyond recognition. VOTE REFORM and show the current Conservative and Labour leaders that, WE the people have a voice and it is our,,,,, voice collectively that is the only voice that matters. Stand and be counted if you matter VOTE REFORM UK.

This made me sad but people needs to understand…. It’s demand and supply! There are so many renters in big cities like London, New York, California etc because everyone wanna be there. These aren’t cities to settle down to but to come hussle and leave. Do not stay there permanently! You pay less, have more space, and better quality of life if you move to less expensive cities. I am a landlord in US, the cost of owning a house kept growing. Increases property taxes, home insurance, HOA all increased dramatically. How do you expect landlords are going to deal with this increase? Increase the rent ofcourse It’s a business not a charity organization, the cost will always be passed down to the renter. The same government asking landlords to reduce rent are the ones increasing the property taxes. This year mine went up 18%. Yes I agree greedy landlords who jack up the rent unnecessarily are a problem. But majority of the time, rent increases is due to increased cost.

Now? Rents in London have been obscenely high for many years.

Rent price increases across the world. Crazy here in Nigeria

People moaning about the cost of renting, think about the people with the mortgage, if rents are to expensive then buy your own place. Simples

Im a surveyor from Lancashire, I recently worked in London, the standard of the housing in some areas is bad at best, I was appalled at the rent prices for housing with crumbling brickwork, single glazed wooden windows, dry rot, wet rot, you name it, it had it. Most of those people are on some kind of credit but its the tax payer who foot the bill, the landlords are creaming it in . You now have cities further north where rents are creeping up, especially trendy Manchester, so locals are now moving out of Manchester to cheaper Lancashire, those prices will eventually go up too, its a nightmare of any young couple without the help of parents chipping in or parents passing away. I make a very good wage for the north, I couldnt afford to live in London though even with a 50% pay rise, which incidently I was offered by a London company, the figures just do not add up, London and the south east are pricing themselves out of the market even for professional people

People moan about London. I’m a British citizen living in Lisbon, Portugal. Average salary is €1,000 and to rent a 2 bed flat is €1,500

Love this series! Already loved the NY one. Can you also do one with Dublin, Lisbon, Brussels, Sydney, Mexico City etc.?

In other countries they have rent controls. Despite 11% inflation, landlords in Spain could only raise rent by 2%.

No mention of the elephant in the room. There were 740 000 net new arrivals into the UK last year, that's over 2000 *EVERY DAY* - and they all need homes. Demand for housing is growing faster than supply, which is why rents rise in real terms, i.e. faster than inflation. The Home Office inflicts the housing crisis on the British public by issuing such a large number of visas. The government does little to control the Home Office, it is a great business for landlords. According to the opinion polls, Labour will be elected in the approaching general election. Above inflation rent increases will continue for the foreseeable future, together with more evictions, to enable higher density occupation.

Seems like low salaries are part of the problem. When I first visited London back in 2006, I thought the potential salary there was great. I was in my teens and saw an ad on the Hop-On, Hop-Off bus that said, "Drive this bus for £26.80/hour." The pound was really strong against the dollar back then ($2/£1) and I was like, "wow, $80K/year to drive the bus!" (I'm American so I was assuming that there is a 40-hour workweek). But lately I've noticed that the salaries are extremely low in London. I saw an article about nurses earning an average salary of £40K/year and then someone in the comments said that he could expect to earn £35K (per year I'm assuming) as an engineer. I love London (its history, heritage and beauty) but I would only move there if I was employed by a US firm and could work from home in or near London. I've been fortunate enough to visit yearly and (side-story) after telling an airport security worker that we like to get out of the hot California weather, he replied "and you prefer this?!" as he glanced over to the gloomy London skies lol