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London rent costs ‘pricing young public sector workers out of the capital’, report says | London Evening Standard

The cost of rent in London is pricing younger nurses and teachers out of the capital, according to a report on the UK housing market.

This could lead to a lack of key public sector workers in the city as it puts them off living there, consultancy firm PwC’s analysis suggests.

In the capital the report states that 22 to 29-year-olds on average now spend more than half, 53 per cent, of their income on private rent in London.

That is almost double what it deemed an acceptable benchmark of around 30 per cent.

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London rent costs ‘pricing young public sector workers out of the capital’, report says | London Evening Standard.

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