Campaigners gather to protest “against soaring rents” and “exploitation” of tenants

Demonstrators gathered in London on Saturday to protest against the “soaring” rents in the capital.

The London Renters Union (LRU) organised the event to highlight the impact of high rents and to demand controls.

LRU said up to 500 people marched through central London on Saturday to protest “against soaring rents” and “exploitation” of tenants.

The average cost of renting a newly let home in the UK is now £3,240 higher than at the end of the pandemic lockdowns, the latest data from Zoopla shows.

However, rents have been rising more slowly in places with high rental costs, such as London, where they are up 1.3% year-on-year, down from 8.7% growth a year ago.

Nevertheless, with rents in the capital the highest in the country, the LRU argues that many people renting in London are being pushed to the brink as they try to cover the cost.

 

Rents up by £3,240 a year since Covid – Zoopla

 

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