New research reveals just 5% of private rental listings in London are affordable to low-income households using Local Housing Allowance (LHA) to pay their rent.
The study also provides robust evidence that London’s private rented sector (PRS) has shrunk in size, with Londoners finding it increasingly difficult to secure PRS housing.
Cllr Grace Williams, London Councils’ Executive Member for Housing & Regeneration, said: “These stark figures are the latest evidence of the massive pressures faced by low-income private renters in the capital.
“London’s homelessness emergency is fundamentally driven by the chronic shortage of affordable housing. There are 2.7 million people relying on privately rented housing in the capital. The falling number of privately rented homes and worsening shortage of affordable accommodation are an urgent challenge for Londoners and London boroughs."