The London rental market is booming. According to several sources including the Royal Institute of Chartered Surveyors soaring rental demand is leading to the fastest rent growth in years.
Unfortunately for the young professionals moving to the city, they really need the streets to be paved with gold to be able to afford somewhere to live. With mortgages out of the question for first time buyers, and rents also currently outwith their budget they are being forced to go down the route of a flatshare or choose somewhere downmarket, really really downmarket.
The Guardian introduced us to 23 year old graduate Aaron Frazer, who, after moving to London to take up a job with a charity, has found himself completely priced out of the market.
After attending a “flatmate party” in which those with rooms for rent and those looking for rooms are thrown together in the hopes of finding a connection, a dejected Frazer said:
