Number has risen from 2.4 million to 3.4 million in 20 years, report says
The number of people living in rented accommodation in London has been growing for years. Private renters now outnumber mortgaged home owners in the capital.
Thinktank draws up plan at time when 40% of young adults are unable to buy a home
Average rents in London are £1,615, up 3.3 per cent on last year, according to HomeLet’s latest index.
Young people in Britain are spending three times more on housing than their grandparents did, according to the Resolution Foundation think tank.
They also have to cope with less space and longer commutes to get to work.
While their parents typically bought their own home in their 30s, young people will soon have to wait until their 40s.
Younger people have been priced out of home ownership as baby boomers have benefited, says Resolution Foundation
Institutional investment into the build-to-rent sector will balloon by 180pc in the next six years, according to new research by Knight Frank.
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