This placed around 125,000 low-income London households at risk of homelessness.Īs well as rent, London is just as badly affected by surging energy prices. This is particularly the case in terms of affordability in major cities, with London perhaps the worst affected.Īccording to an August 2022 report commissioned by the London boroughs, average rents in June 2022 were 15.8% higher than the previous year, while the supply of rental properties dropped by 35%.
With the ongoing war in Ukraine, a resultant energy price crisis, Brexit’s constant economic fallout and a government in chaos, this all adds up to a very bleak economic outlook for Britain. Just over a year later, in early 2023, we’re in the midst of a prolonged cost of living crisis that’s even more grave for many people than the worst months of the pandemic. We originally wrote this guide in late 2021, a time when the pandemic was easing off and things started to look a little brighter for the UK economy. February 2023 UPDATE: London’s Affordability Crisis Bites We’ll also show you how it ranks against some of the world’s other leading cities, and look at some reviews where London residents talk about their costs. In this simple guide, we explore the different elements that make up the cost of living in the UK capital. HomeViews collects reviews from verified residents in new developments across London and the UK – cost is always a big factor when they rate and review their homes. The cost of living in London represents the biggest price tag of all.
Many of your regular monthly costs (rent, food, entertainment) will generally go up if you live in a big city. Compared to much of the rest of the world, living in the UK can be expensive.
0 kommentar(er)
