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1. • • We forecast rental values will end 2021 flat in prime central and prime outer London. That means we expect rents to rise by 5% in PCL and by 3% in POL over the next six months. By December this year, average rental values will be 12% below their pre-pandemic level in PCL and 10% below in POL.
     www.knightfrank.com/research/article/2021-07-19-uk-property-market-update-19-july-2021

     Rental values increasing following pandemic turmoil

2. People also ask

   Why are London rents so high in 2021?

   • By the end of 2021, London rents are higher than before the pandemic started, as its popularity returned and landlords were able to negotiate higher rents for the new year. Inner London rents also grew at a record 16.2%, recovering from its drop of 14% at the beginning of 2021, to also rise just ahead of pre-pandemic levels for the first time.

   Rents increase at fastest ever rate as tenant competition doubles

   www.rightmove.co.uk/news/content/uploads/2022/01/Rental-Trends-Tracker-Q4-2021-FINAL.pdf

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   How have London rents changed since March 2021?

   • Average prime London rents have risen by an average of 25% in the intervening three years. In prime central London, rents have risen 24% since March 2021. However, after falling by -0.7% in Q4 last year, prime central London rents for apartments rose again in Q1, by 0.6%, taking annual growth to 2.8%.

   UK & London rental market update Spring/Summer 2024

   www.cluttons.com/property-market-research/research-articles/uk-london-rental-market-update-spring-summer-2024/

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   Will London rents go up in 2024?

   • London rents could go up by another 5.5 per cent in 2024, said the report, then increase by between 2.5 and 3.5 per cent each year. By 2028, rent in the capital will be another 18.2 per cent higher. But Londoners are already struggling to pay the increased costs. “There is a mismatch in landlord and tenants ’ expectations,” said Savills.

   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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   Why did London rents rise again in Q1?

   • However, after falling by -0.7% in Q4 last year, prime central London rents for apartments rose again in Q1, by 0.6%, taking annual growth to 2.8%. This quarterly movement indicates a return to a more seasonal rental market, as the post-pandemic rental market – which led to consistent high levels of activity amid soaring demand – starts to unwind.

   UK & London rental market update Spring/Summer 2024

   www.cluttons.com/property-market-research/research-articles/uk-london-rental-market-update-spring-summer-2024/

   See all results for this question

   Are London rents rising?

   • London rents were up 11.2 per cent year-on-year in March 2024, reports the Office for National Statistics (ONS). 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.

   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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   How will London's rental market change in 2020?

   • Marc von Grundherr, director of another London agency Benham and Reeves, said: “The London rental market is drastically different to that seen in 2020 when landlords were forced to heavily reduce asking rents to secure a tenant and avoid lengthy void periods due to an exodus of market activity from the capital.

   London rents hit record high in drastic new cost of living squeeze

   www.standard.co.uk/homesandproperty/renting/renting-london-prices-record-high-cost-living-b978964.html

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3. www.standard.co.uk › homesandproperty › rentingHow much higher can London rents go after 31% rise in two years?

   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...

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

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

   • London rents hit record high in drastic new cost of living ...

     The average London monthly rent jumped 10.9 per cent last...

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

   www.standard.co.uk › homesandproperty › renting

   • Cached

   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. www.rightmove.co.uk › news › contentRents increase at fastest ever rate as tenant competition doubles

   www.rightmove.co.uk › news › content

   By the end of 2021, London rents are higher than before the pandemic started, as its popularity returned and landlords were able to negotiate higher rents for the new year. Inner London rents also grew at a record 16.2%, recovering from its drop of 14% at the beginning of 2021, to

6. www.knightfrank.com › research › articleRental values increasing following pandemic turmoil

   www.knightfrank.com › research › article

   • Cached

   Jul 19, 2021 · We forecast rental values will end 2021 flat in prime central and prime outer London. That means we expect rents to rise by 5% in PCL and by 3% in POL over the next six months. By December this year, average rental values will be 12% below their pre-pandemic level in PCL and 10% below in POL.

7. www.standard.co.uk › homesandproperty › rentingLondon rents hit record high in drastic new cost of living ...

   www.standard.co.uk › homesandproperty › renting

   • Cached

   The average London monthly rent jumped 10.9 per cent last year to £2,142 sending them above pre-pandemic levels for the first time by the end of 2021.

   • Author: Jonathan Prynn

8. www.rightmove.co.uk › news › contentAverage rents hit a record £1,000 & city centres start to recove

   www.rightmove.co.uk › news › content

   National asking rents outside London have reached another record, and are now over £1,000 per calendar month for the first time: Asking rents are 2.6% higher now than in Q1 2021 and 6.2% higher than this time last year, the biggest quarterly and annual jumps ever recorded by Rightmove.

9. www.cluttons.com › property-market-researchUK & London rental market update Spring/Summer 2024

   www.cluttons.com › property-market-research

   • Cached

   This focus on price and affordability becomes clearer when we look at the cumulative rise in rents since the market low in 2021. Average prime London rents have risen by an average of 25% in the intervening three years. In prime central London, rents have risen 24% since March 2021.