Overall, London was found to be bearing the biggest brunt of the housing bill, accounting for a quarter of all housing costs, and a third of all private rental costs.
Additionally, it was found that London’s private rental bill exceeded £25bn in 2023 and now makes up more than half (54 per cent) of all housing costs in the capital for the first time.
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However, the South East bears the highest owner occupier housing costs - totaling £18.3bn, £1bn more than London.
tom.dunstan@ft.com
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