Research

Research & insight article

Chrome January 2015 - Rental values

rent

Average rental values for new tenancies in the capital stand at £1,408pcm. .

Nick Barnes, Head of Research


Stormy Cloudy Settled Fair Fine

Homelet reports that average rents for new tenancies in London in November fell by 0.2% compared to October but were still 11% higher than in November 2013. Average rental values for new tenancies in the capital stand at £1,408pcm. 


NB comment: private sector rents are rising more slowly than average house prices in London, but are nonetheless comfortably outstripping inflation and wages growth. With demand exceeding supply – other than in the prime sector.


London rental prices

London rental values by property type (as at 6 Jan 2015) 
Source: home.co.uk

Oxford Street Article Details

Contributed by

Nick has more than 20 years’ experience within the property research arena.

Nick Barnes

Nick Barnes

St Magnus House

020 3040 8406