The London rental crisis: No end in sight

There was a silver lining for London renters unfortunate enough to have been forced to move house during the height of the pandemic, such as the reporter writing this article.

An exodus of tenants to leafier, quieter parts of the country saw supply skyrocket and prices go the other way.

The choices, it seemed, were as plentiful as the number of Covid cases being tallied on the daily news.

That golden period of rock-bottom rents did not last long.

Renters today, rightfully so, are holding onto properties for as long as they can, while landlords continue to flee the market, shooed away by pending tax reforms and soaring mortgage costs (even if the latter have come down a bit recently)

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Posted on Monday, 20 March, 2023

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