OnthemarketBlog YouTube @property1 @onthemarketblog

Zac Goldsmith vs Sadiq Khan - The Late Debate London Programme Londoners Face 'Rip-off' Fees Equal To Six Weeks' Wages To Rent Home, Sadiq Khan Reveals The sky-high cost of renting in London has been laid bare after figures revealed tenants are forking out six weeks’ pay upfront each time they move home. An analysis by Labour’s London mayoral candidate Sadiq Khan shows renters are having to find £3,735 by way of a deposit and estate agent fees before moving into new accommodation, which the MP described as "exorbitant" and a "rip-off". The figure, compiled by examining the costs levied by the capital’s six biggest agencies, dwarfs the average monthly wage in London of £2,700. If elected, Mr Khan, whose main rival is Tory Zac Goldsmith, has pledged to establish a London-wide not-for-profit lettings agency to charge renters the “true administration costs” involved in moving. The number-crunching reveals outer-London is moderately more affordabl...