Private jet costs to Nice could cover your rent in the UK for nearly three years

Development on Air fields

While a private jet may seem like an appropriate method of travel for royalty, Harry and Meghan have come under fire for opting to fly on their fourth in 11 days after departing Sir Elton’s £15m pad in France.

Despite Elton picking up the tab, a two-hour return flight from Nice to London on a private jet cost over £20,000 (£21,832), enough for the average UK tenant to put a roof over their head for 2.7 years! Just over two years for tenants in England, 2.5 years in Scotland, 3 in Northern Ireland and 3.5 years in Wales!

In fact, there’s only a handful of places where it would set you back more to rent for a whole 12 months – all of which are located in London. Kensington, Westminster, Camden, City of London, Hammersmith and Fulham, Richmond, Islington, Hackney and Wandsworth all come in at an annual rental cost of above £21,832.

But where doesn’t?

Well, pretty much the rest of the UK, but to put it into perspective, the average tenant could rent for 12 whole months in the prestigious Surrey climbs of Elmbridge (£21,312), the likes of Tower Hamlets (£21,276), Lambeth (£21,012) or Southwark (£20,112), South Bucks (£17,496) and Guildford (£16,956).

Even if you were to split the cost between mates and actually fill out the 12 seater plane it would still cost you £1,819 per person. That’s nearly three months of rent for the average UK tenant.

Co-founder of ideal flatmate, Tom Gatzen, commented: 

“Meghan and Harry aside, it’s pretty mad to see how the other half live when you consider the struggle many have when trying to stay afloat in the UK rental sector.

To think you could put a roof over your head for nearly three years on the cost of one return trip to Nice in a private jet really puts it into perspective, especially when the cost of rent is one of the largest financial burdens in this day and age.

Until I make it into Elton’s inner circle, I’ll have to make do with the £120 return flight in economy.”

Average annual rent – nations
Location
Monthly Rent
Annual Rent
Years rent for cost of a private jet
ENGLAND
£858
£10,296
2.1
WALES
£515
£6,182
3.5
SCOTLAND
£732
£8,786
2.5
NORTHERN IRELAND
£612
£7,344
3.0
UNITED KINGDOM
£679
£8,152
2.7
Average annual rent vs private jet to Nice
Location
Annual Rent
Kensington and Chelsea
£38,496
Westminster
£33,984
Camden
£29,124
City of London
£28,524
Hammersmith and Fulham
£24,840
Richmond upon Thames
£22,752
Islington
£22,740
Hackney
£22,008
Wandsworth
£21,936
Private Jet to Nice
£21,832
Elmbridge
£21,312
Tower Hamlets
£21,276
Lambeth
£21,012
Southwark
£20,112
Brent
£18,936
Barnet
£18,576
Merton
£18,504
Haringey
£18,156
Ealing
£17,808
South Bucks
£17,496
Newham
£17,064
Guildford
£16,956
Hounslow
£16,920
Harrow
£16,752
Kingston upon Thames
£16,752
Sevenoaks
£16,632

 

Sources
Private Jet estimated
Based on a return fare
Private rent statistics
Eng
Scot
Wal
NI

 

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

Almost one in five first-time buyers seeking max 60% LTV mortgages

Almost one in three (31%) first-time buyers are opting for 90% LTV mortgages, and a further 10% are looking at 95% LTV options. This hints at many first-time buyers relying on 5-10% deposits. This translates to £13,650 to £27,300 at the average UK house price of £272,995 [source]. Almost one in five (17%) first-time buyers…
Read More
Breaking News

Property values bounce back in October

The latest Halifax Property Index shows that: – House prices rose by +0.6% in October vs a fall of -0.3% in September Fourth time in last five months that the average price has increased Average property price now £299,862, edging up to a new record high Annual rate of growth rises to +1.9% (up from…
Read More
Breaking News

UK house prices rise at fastest pace since January

House prices rose by +0.6% in October vs a fall of -0.3% in September Fourth time in last five months that the average price has increased Average property price now £299,862, edging up to a new record high Annual rate of growth rises to +1.9% (up from +1.3% in September) Mortgage approvals reach highest level…
Read More
Rightmove logo
Breaking News

Rightmove accelerates AI product delivery to surface more potential sellers and buyers for agents

The UK’s largest property platform Rightmove is today announcing a series of AI developments for consumers and partners, to help agents reach more potential sellers, buyers and renters. There are currently 27 AI initiatives in development, as Rightmove makes AI technology central to its platform to benefit partners and home-movers. Four new developments – two…
Read More
Estate Agent Talk

How to Pick the Best Option for your Business’ Broadband

Having a dependable broadband connection is crucial for any business. Whether you run a small office or a larger company, a slow or unstable connection can disrupt work, affect communication, and reduce productivity. Picking the right broadband package does not have to be complicated, but it does require careful thought about your business’s specific needs…
Read More
bank of england interest rate
Breaking News

Bank of England Hold’s Interest Rates at 4%

With the Bank of England holding Interest Rates at 4%, here are some thoughts from the Industry. Matt Smith, Rightmove’s mortgages expert: “Ahead of one of the most widely anticipated and discussed Autumn Budgets of recent times, it was unlikely the Bank would go for another interest rate cut so close to the announcement and…
Read More