The tenants’ campaign on the New Era estate in Hoxton, east London, has spotlighted the rise of a fight back by private tenants.
“When our estate was bought by new owners”, say the New Era tenants, “we were given rent rises of 10% and told to expect greater rises next year, as the new owners wanted rents to be at ‘market levels’. In Hoxton... this means over £500 a week”.
Current rents are about £160 a week, so most tenants face being forced out of their homes.
Three trends have come together.
Firstly: between 2008-9 and 2012-3, households privately renting increased from 14% to 18% of the