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- Just as rental growth is easing across the UK market, so too it is slowing across the London and prime London markets. Official data signals that rental growth peaked at 6.9% in November, falling to 6.8% in December in the London market.
www.cluttons.com/property-market-research/research-articles/uk-london-rental-market-update-spring-2024/
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Supply of rental properties is rising, and while demand remains strong, agents also report more price sensitivity among renters. As such, the annual change in rents has slowed to 3.2%, down from 13.6% in September 2022.
- UK & London rental market update Spring 2024 - Cluttons
The ONS measure of rental growth shows London rents up by 6%...
- UK & London lettings market update Q2 2023 - Cluttons
The ONS measure of rental growth shows London rents up by 6%...
- UK & London rental market update Spring 2024 - Cluttons
The ONS measure of rental growth shows London rents up by 6% in a slow climb from 0.1% at the start of 2022. In prime London, the bounce-back in rents was much faster and stronger.
Jun 6, 2024 · The sharpest drop in rental growth came in London, where rents grew by 3.7 per cent compared with over 13 per cent this time last year. In Scotland and the North East, where a larger gap...
- James Pickford
The ONS measure of rental growth shows London rents up by 6% in a slow climb from 0.1% at the start of 2022. In prime London, the bounce-back in rents was much faster and stronger.
Sep 16, 2024 · Rental inflation is slowing, with London and major cities leading the way. However, towns and rural areas are continuing to see rents rise. Find out what’s happening where you live in our Rental Market Report.
- Richard Donnell
Advertised rents are now 9.2% higher than last year – the lowest annual growth in rents since 2021. London rents also hit a new record of £2,631 per calendar month, rising by 0.2% this quarter. Rightmove predicts average rents will rise by 5% outside of London in 2024 and 3% in London.
Jun 7, 2024 · Rental growth across the wider UK is also slowing, but not at the same rate as London. Rents rose 6.6 per cent year-to-date, with the average UK monthly rent now sitting at £1,226 per month.