London among expensive rental cities
London has been revealed as the second most expensive city in the
world to rent.
Figures from Barratt London looked at 20 cities across the global
and found the UK's capital is close to the top.
It was estimated the average tenant in London would have to spend
45 per cent of their monthly income to rent an average one-bedroom
flat in the city at a cost of £1,250.
The most expensive city in the world was San Francisco, with
renters having to spend 47 per cent of their income on meeting
their monthly rental obligations, with the average cost of a
one-bedroom apartment in the Californian city is £2,768 per
Other cities heading up the research included Hong Kong, Tokyo and
New York, while cities that had more affordable rents including
Prague, Cape Town and Dublin.
“Rental prices in London continue to demand too much of the
occupier, to the extent of almost half of their monthly pay
cheque," explained a spokesperson for Barratt London.
"Renting must remain a viable option for those looking to move