More than a quarter of the leading firms in the capital noted that some of their employees quit and leave the city, as they can not afford to rent housing in London. Because of the housing crisis in London, many employees are forced to leave their jobs, and thus hamper the work of recruitment companies. This information was obtained during a new survey conducted by the Confederation of British Industry (CBI). the organization said that 28% of the 176 leading firms in the capital noted that some of their employees had to quit because they could not afford to rent housing. High housing costs in the capital also make it difficult for firms to attract entry-level employees. The survey shows that the situation with housing hampers the expansion of staff. For 36% of firms where employees have to take a long time to get at work, this is even more difficult. And this despite the fact that 44% of the firms interviewed pay premiums London workers, additionally to salaries in order to keep them in the workplace.
London housing crisis forces workers to leave their jobs and leave the city
"This survey proves much. The lack of housing in London is a ticking time bomb", - said Eddie Curzon, director of the London CBI. He added that the organization supports the mayor of London, Sadiq Khan, to expand the construction of new housing in the capital. But two third firms believe that housing in London still will not become more affordable for the population, recall that the average price of real estate in London is £472 thousand. And the average price of a house in the UK is £7225 thousand. The firms that participated in the survey have different spheres of activities: 26% are engaged in professional services, 19% - IT and communications, 9% - production and construction and 8% - retail, leisure.