of London's households live in the private rented sector - the highest proportion since the 1970s.
of new homes completed in 2015/16 were "affordable". This was just 6,700 homes against a target of 17,000.
Housing is central to understanding poverty and inequality in London. Housing costs push many Londoners into poverty and are a significant contribution to the fact that London's poverty rate is higher than in the rest of England.
The indicators in this topic look at the nature of housing in London: the tenures people live in; the cost and quality of housing; and evictions.
Average rent in London is more than twice the average for England, and has been increasing at more than twice the national rate over the last 5 years. The average lower quartile market rent in London is £1,250 per month, compared to £495 in England. The affordability of rent varies significantly between boroughs: Kensington & Chelsea and Westminster are by far the least affordable for low earners.
Partly as a result, the number of people in the private rental market who are in poverty has risen enormously in the last decade. 447,500 private renters were in poverty in 2005/2006, compared to 962,000 now. More private renters now live in poverty than social renters (though, as a percentage, the proportion of social renters in poverty remains higher). 298,200 children in the private rental market were in poverty in 2015/2016. In 2005/2006, that figure was 106,600.
Only 24% of housing completions in London were social or 'affordable rent' or shared ownership, in the three years to 2015/2016. This is a reduction from the three years to 2013/2014, when 34% of completions were affordable. It also masks enormous variation between boroughs from 1,830 in Tower Hamlets to a net reduction in two boroughs, Bexley and Harrow: as there were more affordable homes which were demolished or converted into other forms of accommodation than those which were built.
Housing tenure over time
Average London rents
Repossessions and evictions
Evictions by borough
Rents and affordability
From our Twitter
22% of employees aged 16-24 are in insecure work. This is more than double the rate for any other age group. pic.twitter.com/rrxzdCquq123 Mar 2018
19% of new housing delivered in #Kingston in the last three years was social housing, affordable housing or shared ownership accommodation. This is below the London average of 24%. pic.twitter.com/eX3uUmDlSH23 Mar 2018
The percentage of 19 year olds without Level 3 Qualifications [A Level equivalent] has fallen throughout London over the last decade. It is improving more quickly in Inner London than Outer London. pic.twitter.com/2OeBeIBfpf22 Mar 2018