Just thought we’d flag up some depressing London property news today, since between the gloomy weather and the bus strike things can’t really get much worse. Ready?
More and more Londoners are being forced to share rooms with strangers, with flatsharing website Spare Room reporting a 70 percent rise in searches for roomshares over the past two years.
The news should be pretty shocking, but thanks to the increasing terrible state of our city’s property market, it’s actually left us pretty much unflustered. Londoners pay an average monthly rent of around £1,418, compared to the national average of £867. Lots of us even spend half our monthly salary on rent.
Spare Room director Matt Hutchinson says: ‘Few people would choose to share a room, but the harsh reality is that London’s housing crisis means rents are becoming increasingly unaffordable. The demise of the living room and other communal spaces is another implication of the housing crisis – one in six shared homes now has no living room, compared to one in ten three years ago.’
Have a nice day.
It’s no surprise finding a flat to rent in London is this terrible.