How do you solve a problem like London’s private rental market? For years it has been an expensive race to the bottom as our capital quickly became the epicentre of Britain’s housing crisis. It is now a city of wild extremes – a place where steel-boned, gleaming glass high-rises sit empty, the flats within them bought by offshore investors, while elsewhere, living rooms have become the height of luxury, so rare are they, and people on middle and low incomes cram into crowded HMOs (houses in multiple occupation) because it’s all they can afford. And even then, they’re not that cheap: according to the Greater London Authority, the average private rent for a one-bed home in the capital is now more than the average cost of a three-bed in every other region of England.

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