London is the least affordable city

11th September 2015

London rents are the least affordable in Europe with the average Londoner having to spend almost 80% of their monthly salary to rent a one-bedroom flat in the city centre, according to new research from JLL Residential Research. Labour’s Tessa Jowell commented, who has lost out to Sadiq Khan in the contest to become the party’s candidate in the 2016 mayoral election, said: "Londoners need real action to tackle a housing crisis that has made our city the most unaffordable place to live in Europe".

Evening Standard (10/09/2015)