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Nearly half of the capital’s 25-45 year olds are ready to leave over unsustainably expensive housing, according to a new study.

In fact, two in three are regularly borrowing money to pay housing costs, most commonly turning to credit cards, payday loans and family support, according to a new report from Pocket Living.

“The pressures facing not only young Londoners, but those into middle age, have deepened significantly over the past two years,” Paul Rickard, chief executive officer at Pocket Living, said.

“What was once generation rent is now, for too many, becoming generation debt,” he added.

Rents costs in the capital have risen by more than a third since 2022, driven ever-further upwards by high mortgage rates, changes to taxation laws, and demand

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