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Responding to the latest housing data from the ONS, Sam Richards, founder of pro-growth campaign group Britain Remade, said:

“The amount that people are having to pay for rent, especially in London, is simply out of control. 

“It is astonishing that the rent paid for a 1 bedroom flat in the capital will get you a 3 bedroom home in the rest of England. The only way we can fix this is by reforming our outdated planning system so we can get spades in the ground and build more homes. 

“Not only will this allow young people to once again fulfil their dreams of owning their own homes, but it is also critical to boosting productivity and job creation in and around our major cities.

“Until we build the homes Britain needs, millions of people up and down the country will be denied the dream of home ownership, while renters will be condemned to paying ever increasing eye-watering rents.”  

ENDS