A survey of nearly 4,000 Londoners has found that their greatest worry is the cost finding a place to live.
When asked to identify the worst thing about living in the capital 31% of the responses pointed to the cost of a housing and a further 28% to the general cost of living.
Just 8% say they are satisfied with housing in London. Their concerns cover the availability of low cost homes to buy and the high cost of rents. Only 10% believe that the homes being built currently are affordable for a range of people. As revealed by Urbs, much of the housing labelled as “affordable’ is beyond the means of many.
There is also dissatisfaction with the private rental sector. 71% of respondents said there is a lack of affordable private rental property and most are unhappy with the quality of the rentals that are available.
The survey is the second Annual London Survey carried out by City Hall. It polled 3,861 people online at the end of 2015. The participants were self-selecting but the data was weighted to reflect the gender, age and ethnic mix of London.
Around half the people polled have lived in the city for more than 20 years. More than a quarter had lived in their local neighbourhood for the same amount of time.
Their other big concerns shown in the survey included 67% of respondents who said that they were dissatisfied with the fairness of wages, 62% unhappy about the affordability of public transport and 57% dissatisfied with air quality.
But there were some positives to living in the capital. The thing identified by most was simply the huge variety of things to do. Access to museums, galleries, theatres and live music emerged as one of the big pluses of London life for many.
Despite the problems, more people like rather that loathe London life. Overall, 75% said they are satisfied with London as a place to live. But when asked about the future they came back to their chief concern: housing. The issue most mentioned as the challenge facing the capital is building affordable homes. It’s an issue that the Mayor himself has called an epic challenge.