Renters struggle as prices boom (From Enfield Independent)

Renters struggle as prices boom in Enfield by £798 per year according to charity Shelter report

5:30pm Thursday 31st January 2013 in News By Hermione Wright

Chances for young people to own their own homes are looking “increasingly bleak” with Enfield rents exploding by almost £800 per year.

Latest research by housing and homelessness charity Shelter reveals many people in the borough are struggling more than ever with increasing rents charged by private landlords.

Rents in Enfield are growing at the tenth highest rate in London, with people being charged an average of £798 extra year on year. 

Campbell Robb, chief executive of Shelter, is concerned about the “huge scale” of the rent trap for many young people and families living in London.

He claims the chances for the younger generation to escape the spiral of high rents and be able to afford to buy property are incredibly low.

He said: “Unless something changes, the chances of the next generation getting a home to call their own look increasingly bleak.

“The Government needs to show young people and families exactly how it plans to dismantle the rent trap for good.”