London Rental Market 2024. Increased stock levels ease pressure on renters in 2024. The high demand and shortage of rental properties are contributing to this increase, pushing many potential buyers to consider purchasing homes to escape the high rents.
Mon 13 nov 2023 05.00 est last modified on tue 12 mar 2024 11.46 edt share there are now more tenants than at any point since the millennium; The average rent in london is now £2,121 per month after +4.2% growth in the last year.
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Annual growth in prime central london (pcl) of 7.2% in january compared to 18.3% a year earlier.
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The Cheapest Average Rent Is In Bexley (£1,520) And The Highest Average Rent Is In Kensington And Chelsea (£3,459), Although Rental Increases Are Slowing In The Most Expensive Parts Of The City.
Rents for new lets will continue to rise over 2024, albeit at a slowing rate.
Landlords Are Enjoying Rental Yields Of Up To 5.9% And The Next Phase Is Due To Complete In Q4 Of 2024.
Find out what’s expected of the market so you can position your portfolio to grow next year.
After The First Four Months Of 2024, We’re Beginning To Get A Clearer Picture Of What The Rest Of The Year Might Have In Store.
