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CITY VIEWS: IS IT BECOMING UNAFFORDABLE TO RENT PROPERTY IN LONDON?*
MIKE JOHNSON | 2 PUMP COURT
“Renting in London is very expensive. I don’t live in London myself, so I’m not a sufferer, but it is a problem I’ve noticed among my friends. I think, in particular, with the Olympics coming up this summer in London there have definitely been price hikes when it comes to property rental.”
JOCELYN TASKER | BLACKROCK
“It’s definitely tough, but it’s a matter of supply and demand really – people want to live in central London, so landlords will respond accordingly. There still seems to be an influx of young people with high paid jobs moving to London, but perhaps the high rent is forcing people on slightly lower incomes out of the city.”