The mayor, Sadiq Khan, is calling on the government to introduce a two-year rent freeze.
Speaking to BBC Radio London, Mr Khan added it was not an attack on private landlords.
Its statement added: "The stark and simple reality is that whilst the demand for private rented housing in London continues to increase, the supply of such homes is falling.Private renters, charities, advocacy groups and politicians were invited to the summit on Monday The mayor said: "Over three decades, we’ve not built enough homes that’s why I go on about council housing and building affordable homes because we need to make sure that the supply meets the demand.
"It is too easy for your landlord to demand a higher rent when they know they can evict you and re-let to someone else who is willing to pay it.
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