Smiling like Sunshine: Sponsored Video:Homes for London

Wednesday, 14 March 2012

Sponsored Video:Homes for London

London is one of the most attractive and beautiful cities in the world. Yet it is also one of the most expensive cities. Especially, housing is a key issue for Londoners. Prices increase every month and as a result more and more people suffer from both a desperate shortage of affordable homes as well as astronomical real estate prices.
This issue is affecting everyone from single Londoners pouring their income into rented properties, young families forced to uproot to move out of London in the search for cheaper properties and older parents whose children can’t afford to move out when they hit their 20s and 30s.
Shelter,the housing and homelessness charity, started a campaign to change this situation. Shelter believe that London’s housing deserves the same commitment as London’s transport. Shelter say 'We’ve already got Transport for London. Now the Mayor must create Homes for London and fix London’s housing.'
 Shelter’s research has found that with a chronic shortage of homes driving up prices, a typical deposit for a London home is now almost £85,000, with the median wage just £24,500. Average rents in London are already more than double the national average, at over £1,300 per month for a two bedroom property. As a result, two thirds (65%) of Londoners who don’t own their own home don’t think that they will ever be able to afford to buy in their area of London.
Shelter want to put housing at the centre of the Mayoral election and they have four policy suggestions:

  • build more homes that Londoners can afford
  • develop rental contracts that offer stability and security to tenants
  • identify and prosecute rogue landlords
  • create a one-stop-shop lettings service connecting good landlords and tenants and cutting out dubious fees
Shelter's campaign needs your support, please join in at Homes for London.

Sponsored by Shelter