London Rental Market

London

• Rents in London increased by 4.0% in February 2019 than in the same month of 2018; the average rent in the capital now stands at £1,599 a month.

London

• In February, average rental values in London (£1,599) were 70.1% higher than the UK (£940)
• 4% increase compared to last year.

5 London Borough's With Highest Average Rent

• Westminster £2,281
• Lambeth £2,059
• Camden £2,054
• K&C, H&F £1,917
• Tower Hamlets £1,78

Five London boroughs with the lowest average rent

• Croydon £1,043
• Barking £1,226
• Redbridge £1,253
• Bexley £1,315
• Kingston £1,32

5 Highest Growth annually

• Wandsworth 10.1%
• Haringey 9.6%
• Ealing 9.1%
• Bexley 7.8%
• Hackney 7.2

5 annual falls in growth

• Croydon -3.7%
• Richmond -3.2%
• Lewisham 0.4%
• Camden 1%
• Bromley 1.3%

Overall picture

• Asking rents in the capital are now increasing at an annual rate not seen since Q1 2015
• Rightmove predicts that asking rents will rise by 3% outside London, and 4% in London in 2019

Highest Tenant Demand Areas:

• In the capital East London dominates the top five, which comprised East Ham, Forest Gate, Biggin Hill, Elephant and Castle and Chadwell Heath.

Highest Increases

• Hayes 11.5%, Notting Hill 9.9%, Hammersmith 9.8%, Canary Wharf 9.4%, and Highgate 8.6% made it into the top five London areas where asking rents have increased the most

Thank you.

• Birmingham
• High Growth Area
• HS