The average cost of renting a room in London‘s central boroughs has now risen above £1,000, months after Labour’s rental reforms took hold.
The typical tenant must now fork over four figures a month to rent a room in the capital as landlords flee the housing market.
There was a 7.3 per cent drop in the number of advertised rooms compared with last year, data from flatshare platform SpareRoom found.
Labour’s Renters’ Rights Act promised to put power back into the hands of tenants with the biggest boost to their rights in a generation.
The legislation, which came into force in May, introduced a
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