Tower Hamlets is ‘one of the most expensive places to rent a home in England’
PUBLISHED: 08:00 16 June 2018
PA Wire/Press Association Images
If you’re a tenant looking for a home in Tower Hamlets we have bad news - figures claim the borough has some of the highest rents in England.
According to data from the Valuation Office Agency, the average monthly rent for a one-bedroom flat in Tower Hamlets, between April 2017 and March 2018, was £1,610.
This compares to a London average of £1,400 while across the country it is a mere £675.
If you’re after a three-bedroom flat or house you need to dig even deeper into your pockets with the average monthly rent at £2,167.
Dan Wilson Craw, director of pressure group Generation Rent, said: “Renters are in a bind. If they choose to live where there’s a strong jobs market they might see their pay packet gobbled up by high rents.
“If they live somewhere cheaper, either there’s a risk that it’s harder to find a stable job or they pay for it in higher commuting costs.”