Young Londoners on low incomes spend 77 per cent of earnings on housing, report finds

Londoners in their late 20s on low incomes are now spending an eye-watering 77 per cent of their income on housing costs, a new report has found.

The City Hall investigation found that in other parts of the country, people aged 25-29 and on below-average incomes spend less than half that amount, at 33 per cent of their income.

The findings have been uncovered’s housing committee, who have made ten recommendations to to improve young Londoners’ access to home ownership.