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1. • 31 per cent

     • London rents have risen 31 per cent since 2021, a new report from Savills has revealed. Rent now takes up 42.5 per cent of people’s income, according to the new data, leaving those renting in London unable to pay more for the capital’s dwindling stock of rental homes.
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     London rent rises: rents are up 31% in two years, how much ...

2. People also ask

   Are rents rising in London?

   • Renters in London are seeing the biggest increases in the UK with rents 9.7% higher than in 2023 – albeit down from an 11.2% rise in March 2024 – at an average price of £2,114. Around 1.2 million private rented households have reported finding it difficult to pay rent, according to the English Housing Survey.

   Why are rents so high and will they keep going up? - Big Issue

   www.bigissue.com/news/housing/rents-in-the-uk-are-rising-at-the-highest-rate-for-14-years-will-they-keep-going-up/

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   Will London rents rise in 2024?

   • Savills has estimated that London rents have risen 31 per cent since 2021, with rent accounting for up to 42.5 per cent of people's incomes on average. Rents are forecast to keep rising for London in 2024 but less steeply, with Zoopla predicting a two per cent increase in asking rents. Rent inflation happened all across the UK in 2023.

   Londoners saw record rents rise 7% in 2023 | Evening Standard

   www.standard.co.uk/homesandproperty/renting/london-ons-private-housing-rental-price-index-november-2023-b1128210.html

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   Are private rents rising in the UK?

   • Average private rents in the UK increased by 8.6% in the 12 months up to July 2024, according to the Office for National Statistics (ONS). The rate at which rents have been rising has slowed in recent months after surging over the past few years. But tenants are still paying £101 more every month on average than they were a year ago.

   Why are rents so high and will they keep going up? - Big Issue

   www.bigissue.com/news/housing/rents-in-the-uk-are-rising-at-the-highest-rate-for-14-years-will-they-keep-going-up/

   See all results for this question

   Are rents rising?

   • The rate at which rents have been rising has slowed in recent months after surging over the past few years. But tenants are still paying £101 more every month on average than they were a year ago. Rents are rising at a much faster rate than both inflation and wages.

   Why are rents so high and will they keep going up? - Big Issue

   www.bigissue.com/news/housing/rents-in-the-uk-are-rising-at-the-highest-rate-for-14-years-will-they-keep-going-up/

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   Will London rents continue to rise in 2021?

   • Rents will keep on rising, predicts Savills, but London has already hit its ‘affordability ceiling’ London rents have risen 31 per cent since 2021, a new report from Savills has revealed.

   How much higher can London rents go after 31% rise in two years?

   www.standard.co.uk/homesandproperty/renting/london-rent-31-per-cent-two-years-affordability-ceiling-b1123141.html

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   What's going on with London's private rental crisis?

   • The private rental crisis in the capital continues, with the highest annual increase since the ONS began keeping records. According to Rightmove’s latest report, the average advertised rent in London is now £2,631. "Rent rises are out of control,” Ben Twomey, Chief Executive of Generation Rent told Homes & Property.

   London rental crisis continues with 11 per cent increase rents

   www.standard.co.uk/homesandproperty/renting/london-rents-11-per-cent-rise-ons-march-2024-b1152078.html

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3. www.standard.co.uk › homesandproperty › rentingLondon rent rises: rents are up 31% in two years, how much ...

   www.standard.co.uk › homesandproperty › renting

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   Nov 28, 2023 · London rents have risen 31 per cent since 2021, a new report from Savills has revealed. Rent now takes up 42.5 per cent of people’s income, according to the new data, leaving those renting in...

   • London rental crisis continues with 11 per cent increase ...

     London rents 'out of control' with a record-breaking 11 per...

   • Londoners saw record rents rise 7% in 2023 | The Standard

     Londoners now account for a third of the money spent on...

4. www.standard.co.uk › homesandproperty › rentingLondon rental crisis continues with 11 per cent increase ...

   www.standard.co.uk › homesandproperty › renting

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   Apr 17, 2024 · London rents 'out of control' with a record-breaking 11 per cent rise in a year. Rental increases have far outstripped wage growth according to latest figures.

5. Videos

   • 

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     London rents: Competition for homes pushes up prices

     17 Oct 2022

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     youtube.com

     Why Rent In London Is Out Of Control Right Now

     6 Feb 2023

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     2:34

     bbc.co.uk

     London tenants 'trapped in rising rental cycle'

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6. www.bigissue.com › news › housingWhy are rents so high and will they keep going up? - Big Issue

   www.bigissue.com › news › housing

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   • How Much Is Rent in UK?
   • Why Is UK Rent So High?
   • Will Rent Prices Go Down in 2024?

   Around 4.6 million households use the private rented sector in England with 11 million renters. The private rented sector is now the second biggest tenure of housing in England behind owner occupiers, making around a fifth of all households in the country. The most recent ONS statistics show average rents increased to £1,319 a month in England, £74...

   See full list on bigissue.com

   The short answer to why rent is so high is because there is a shortage of affordable housing. There is a housing crisis in the UK because not enough homes have been built by successive governments in the last few decades at a time where social housing stock has been sold off to the private sector through Right to Buyor demolished and not replaced. ...

   See full list on bigissue.com

   Rising rents are having an impact – the latest Ministry of Justice (MoJ) figures show the number of tenants evicted by private landlords continuing to surge. A total of 109,538 households have been threatened with a no-fault eviction in the five years since the Tories promised to scrap them. Labour has pledged to abolish them over the next few mont...

   See full list on bigissue.com

7. www.bbc.co.uk › news › business-65103937Rent prices: How much have they gone up in your area?

   www.bbc.co.uk › news › business-65103937

   Mar 28, 2023 · Rents for new lets have increased by 11.1% in January 2023 compared to the same month a year before. This figure varies greatly across the UK, with London rents increasing by 15.2%, while those...

8. www.standard.co.uk › homesandproperty › rentingLondoners saw record rents rise 7% in 2023 | The Standard

   www.standard.co.uk › homesandproperty › renting

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   Dec 20, 2023 · Londoners now account for a third of the money spent on private rental homes across the UK. A recent report from Hamptons estimated that London renters spent a record-breaking £32.1 billion on...

9. www.ft.com › content › 4a533f2a-0303-417c-a868-593Extreme renting: London’s bidding war escalates as rising ...

   www.ft.com › content › 4a533f2a-0303-417c-a868-593

   Sep 5, 2023 · Adding to the pressure, the stock of available homes to rent in London — already insufficient to meet demand — is at risk of shrinking after just starting to recover from a five-year low in...

10. www.ft.com › content › 44ff4b31-962c-4a1c-947c-dde3eLondon rent rises outpace record UK increase in April

    www.ft.com › content › 44ff4b31-962c-4a1c-947c-dde3e

    May 24, 2023 · Residential rents in the UK rose at a record rate last month, with tenants in London facing an even greater increase, as higher borrowing costs and a shortage of properties pushed up prices.