£70,000 a year rents predicted for London

15th May 2015

According to a new report from Rentify, children born this year could pay up to £70,000 in rent a year in London by the time they reach 18. The survey calculates that should the rental market continue rising at its rate of 7.5% a year, rent in London could rise from an average of £1,413 a month to £6,135 a month.

The Daily Telegraph (14/05/2015)