Graduates & young professionals are being ‘priced out’ of London’s housing market, Sutton Trust warns

The crippling housing crisis in London affecting graduates and young professionals has come to light once again in a new report by the Sutton Trust, as the think-tank urges all 2016 mayoral election candidates to consider ways to address the issue.

The report, Home Advantage, highlights how bright, young people – especially those from disadvantages background – are being priced out of the city’s housing market, despite London being the top place in the country for law, medicine, media, and finance jobs.

Since 2001, London’s population has increased by 12 per cent – yet the paper’s authors say housing stock has only increased by 9 per cent during the same period. They add how a high demand for housing is leaving graduates caught in a housing trap where rising private rents are preventing them from saving for a deposit.

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