London Daily

Focus on the big picture.

UK Housing Crisis: 23% of Voters Prioritize Housing, Yet Rent Prices Continue to Soar

A crisis in the UK rental system has made housing a top priority for many voters, with 23% now ranking it as the most important issue.
This is an increase from 14% at the last general election.

The rising private rents, which have been confirmed by official statistics, are causing financial strain for renters.

An extreme example is that of a successful artist, Andy Leek, who has moved to Argentina to escape the soaring rents in the UK.

Despite his success, he finds it more affordable to pay for transatlantic air fares than to continue renting in the UK.

However, little action is being taken to address this issue.

Rent prices in England have increased by an average of £107 per month compared to the previous year, with London renters paying almost double that amount.

Private rents are rising faster than inflation and wages due to high borrowing costs for landlords and a supply and demand imbalance.

The number of new homes built by housing associations in London in the last quarter of 2020 was the lowest in over 30 years, leading to families being forced to move frequently due to constant rent increases.

According to Shelter, a housing charity, the annual financial cost of renters being forced to move due to no-fault evictions is over £500 million.

Approximately 800,000 such moves occurred last year.

The social cost, particularly for children, is even more significant.

Shelter's CEO, Polly Neate, stated that renters cannot establish stability as they face the possibility of being evicted without cause at any moment.
Translation:
Translated by AI
Newsletter

Related Articles

London Daily
0:00
0:00
Close
Public Uptake of AI Tools Remains Limited
New Tax Rules on Second Homes in the UK to Address Housing Crisis
Can Europe Transition to a War Economy?
France Implements Stricter Airbnb Regulations
Upcoming Pandemic Inevitable, Warns Former UK Chief Scientific Advisor
British Tourists Assaulted by Bouncers in Pattaya, Thailand
Facebook Delays Removal of Fake Account Exploiting TikTok Star
Billionaire Non-Domicile Flees UK Amid Tax Law Changes
Theresa May Admits Mistakes Over Immigration Policies
Nicki Minaj's Manchester Concert Canceled After Amsterdam Arrest
UK Conservative Party Proposes Mandatory National Service at 18
Kate Middleton's Public Absence Throughout 2024
Asylum Seekers Arriving In UK by Sea Exceed 10,000 This Year
UK Criticizes ICJ Order on Israel's Rafah Assault
Ukraine's Fight Against Corruption Gains Ground Amid War
Czech President Petr Pavel Injured in Motorcycle Accident
Record Number of Abortions in England and Wales
Paul McCartney Honours Bruce Springsteen at Ivor Novello Awards
US and UK to Reject ICJ Ruling on Israel's Rafah Offensive
World Court Orders Immediate Halt to Israeli Offensive in Gaza
Understanding FLiRT COVID Variants and Their Impact
Baltic NATO Members to Construct 'Drone Wall'
Global Life Expectancy Dropped By 2 Years Due To COVID-19
Macron Halts New Caledonia Voting Reform After Riots
Rishi Sunak Shelves Rwanda and Smoking Policies Ahead of Election
US Refuses World Court Jurisdiction
China Conducts Surprise Military Drills Around Taiwan
Grim Polls Predict Major Loss for PM Rishi Sunak
Rishi Sunak's Campaign for UK Election: Key Issues Highlighted
German Property Crisis Worsens as Foreign Investment Declines
Princess of Wales's Taskforce Calls for Business Investment in Early Childhood
Campaign Groups Condemn UK Report on Protests
Former Royal Marine Charged with Espionage Found Dead
Australian PM Calls for Julian Assange's Freedom
ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
UK's Infected Blood Scandal: Conclusion Nears After Seven Years
Julian Assange Granted Right to Challenge US Extradition
Congo Army Thwarts Attempted Coup Involving Americans and a British Citizen
Ireland's Homeless Gain Voting Rights
Blinken orders crackdown on Israel-Hamas leaks
Julian Assange Faces US Extradition: Key Facts
Jacob Zuma Takes Campaign to ANC Stronghold Soweto
Attempted Assassination of Slovakia PM Robert Fico: Investigation Ongoing
What Happens If an Iranian President Dies in Office?
Spain Recalls Ambassador After Argentina President's Remarks
Rishi Sunak Faces Cabinet Backlash Over Proposed Changes to Foreign Student Visas
Rwanda Denies Entry to Human Rights Researcher
Iranian President Ebrahim Raisi Reportedly Killed in Helicopter Crash
Blue Origin Resumes Space Tourism with 90-Year-Old Ed Dwight
Rishi Sunak and Wife Akshata Murty Wealthier Than King Charles
×