Rent

Meeting: 
MQT on 2011-11-16
Session date: 
November 16, 2011
Reference: 
2011/3471
Question By: 
Nicky Gavron
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

What was the average percentage increase in Londoners' rent over the past year in the private rented sector?

Supplementary Questions: 

Answer

Answer for Rent

Answer for Rent

Answered By: 
The Mayor

Thank you, Nicky. This is a very good question because the answer is that, yes, there have been some significant rent increases in the last year and I am told that the mean rent increase was 12%. That is obviously very high indeed. I can only say to you that the best way to address that issue is to increase supply and to make sure that we have enough rented properties in the sector for Londoners to make the choices that they need.