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Grenfell borough tops list of London's most expensive places to rent

Median monthly rent for a two-bedroom flat in the borough is now £2,708, a GMB study reveals

THE Royal Borough of Kensington and Chelsea (RBKC), which was made infamous by the Grenfell disaster, tops the league of in London’s most expensive places to rent, a GMB study revealed today.

The median monthly rent for a two-bedroom flat in the borough is now £2,708, making it the most expensive part of London for private-sector tenants.

Across the capital, the median monthly rent for two-bedroom flats is £1,450.

Average rents for two-bedroom flats are up 30 per cent or more on 2011 in 14 of the capital’s 33 boroughs.

GMB regional secretary Warren Kenny said: “These high rents are here to stay. So too are younger workers living for longer in private-sector rental accommodation.

“As a direct consequence, employers must be prepared to pay much higher wages to staff to enable them to afford these much higher rents.”

If employers fail to do so, there will be staff shortages as workers are priced out of London, Mr Kenny warned.

“It makes little sense for these workers to spend a full week at work only to pay most of their earnings in rents,” he pointed out.

“Policy mistakes have made the housing position for lower-paid workers worse. Council homes for rents at reasonable levels were aimed at housing the families of workers in the lower pay grades and did it successfully for generations.

“These were sold off but, crucially, not replaced as a matter of Tory dogma.”

Mr Kenny attacked “dogmatic opposition” to allowing councils to build homes and the demolition of council estates as “a luxury we can’t afford,” given the “massive” shortage of homes for rent within reach of lower-paid workers.


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