Nick Millican: Keeping a Close Watch on London’s Rising Rents and Real Estate Trends
According to experts such as investment manager Nick Millican, rents will keep rising in London even though many people have reached their “affordability” limit. Since 2021, rents have increased by 31 percent. Rental prices have put a significant strain on people's finances. A typical renter can expect to pay up to 42.5 percent of their income, Nick Millican adds. Housing costs are considered to be affordable at 30% of a person’s...