Why is the cost of rent very expensive in UK?

Niyi Briggs

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My cousin in UK pays £500 pounds for rent in the Uk and according to him, this is for a run down place.

My question is,
Why is rent so expensive in the UK? Everyone I know that went there are finding it difficult to afford a place to live. I would like to understand the reasons behind the high costs.
 
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Stardom22

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According to me the amount of the house rent depends on the location, the economic level of the area among other factors. I think UK is very developed and rich country for that matter.
 
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