Sadiq Khan again calls for rent controls as costs soar in Islington by £3,000 a year
PUBLISHED: 11:12 05 November 2019
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Renters in Islington are paying £3,000 a year more than they were in 2012, new figures show.
The average private rent for the borough has increased from £1,473 per month in 2012 to £1,733 per month this year, a rise of £3,120.
The stats were published by City Hall, and mayor of London Sadiq Khan has reiterated calls for rent controls in the capital as first laid out in his Reform Private Renting report this summer.
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His proposals include establishing a new London Private Rent Commission, with renters on its board, to implement and enforce measures to reduce rents and keep them down.
Other recommendations include introducing open-ended tenancies and increasing landlord-to-tenant notice periods to four months.
Mr Khan said: "Ever-increasing rents are hitting Londoners hard.
"My plans set out how rent control would be carefully designed to bring down rents for Londoners whilst making sure there is investment in new and existing housing."
The mayor has no control over rents, but has demanded the government gives him more power to bring London in line with other major cities such as Berlin and New York.