Rental prices in London are still rising, according to Matt Hutchinson, from the flat-share site SpareRoom.
“We never see sustained decreases taking rents down to affordable levels,” he said.
“While there are more people searching for somewhere to live than rooms available, rents will keep heading north – along with renters.”
He said a March 2025 survey indicated 28% of renters were spending more than half their take-home pay on rent, while 80% were spending more than 30%.
He added that workers were moving out of the capital to the “relative affordability” of the suburbs.
“It might be fine for knowledge workers who can do their jobs from their laptops, but for service workers and those who work shifts and antisocial hours, and who need to be close to their places of work, this is a huge problem.”