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    London rip-off rents are spreading to the home counties.

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    papa_umau
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    London rip-off rents are spreading to the home counties.

    Post by papa_umau on Tue 07 Jul 2015, 12:15 pm

    Rip-off rents hit the Home Counties as unaffordability contagion spreads out of London

    The cost of renting in the Home Counties has been pushed up by City types and overseas tenants.

    Anna White, Property Consultant for The Daily Telegraph says:

    "The cost of renting in the Home Counties has risen 5.4pc over the last six months to June, driven up by international tenants and a surge in demand from rich foreign companies relocating employees and their families to the London commuter belt".

    See her full report HERE




    It would appear that now that the high-rents disease in London is spreading to the home counties, I have to ask: Where are the key-workers in the service-sector going to live if they cannot afford to live in London and they can no longer afford to commute into the city from the outskirts.

    It is people like the shopkeepers, the police, the fire services, the postal workers, the train and bus drivers, and the street cleaners that are the beating heart of the city and yet what are they going to do when they can no longer live and work there ?


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    zathrus
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    Re: London rip-off rents are spreading to the home counties.

    Post by zathrus on Thu 09 Jul 2015, 11:44 am

    It was for that precise reason that London Weighting was brought into force. Maybe they are just going to have to put a larger ring around London so that the home counties are covered under the London Weighting scheme.

    OR.... the "key workers" that you mention Paps, are given tax breaks so that they can afford to live and rent there.

    It would be great to see the lower waged people getting the tax-breaks for a change.
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    papa_umau
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    Re: London rip-off rents are spreading to the home counties.

    Post by papa_umau on Fri 10 Jul 2015, 12:16 pm

    Zathrus, "London Weighting" never did replace the difference between normal housing costs and the costs in the city.

    Now that the expensive London area is being stretched into the home counties, anybody that does not work in the banking and investment sector is going to struggle to get decent accommodation within a distance that is reachable to their work.

    Of course the private renting sector is going to be the place where these hard up people are going to be looking for accommodation.

    With these rents rising exponentially we are going to find that many of the ordinary people are going to move well away from London so that they can afford to live a decent life.

    I bet the Tories are not going to do anything about that. Evil or Very Mad


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