Private renting costs in Camden are ‘classic example of market failure’
- Credit: Getty Images/iStockphoto
Rent prices in Camden have been described as “eye watering” by a politician responsible for housing.
Councillor Danny Beales, who chairs Camden Council’s housing scrutiny committee, warned that businesses and public services are being affected as workers are being priced out of the borough.
A report shown to the committee last week revealed that renting a room in Camden costs an average of £862 a month, compared to £350 across the rest of England.
The cross-party panel described it as “the classic example of market failure”.
The council is set to step up efforts to enforce letting agent fee rules, with mystery shopper operations, and will look at setting up a social letting agent - a not-for-profit organisation.
You may also want to watch:
The cross-party panel also called on the council to lobby for London’s Mayor or councils to have greater powers to stabilise rents.
Cllr Beales wrote: “The levels of rent in the sector are eye-watering.”
- 1 Is lockdown working in north London? Here's what the latest data tells us
- 2 Joan Bakewell fires legal threat to government over second Covid jab
- 3 Royal Free's critical care beds 98pc full as Covid-19 cases top 500
- 4 O2 Centre: developer Landsec 'looking to re-provide' Sainsbury's
- 5 Hospital staff describe 'distressing' battle against rising Covid cases
- 6 Camden man charged with prostitution offences and sexual exploitation
- 7 Lord's Cricket Ground used as Covid-19 vaccination centre
- 8 Royal Mail delays in Hornsey 'could see Covid-19 vaccination letters missed'
- 9 Billy Vunipola fails to impress as Saracens lose to Ealing
- 10 One in ten people without symptoms Covid positive at Haringey centres