Average rental values for new tenancies in the capital stand at £1,408pcm. .Nick Barnes, Head of Research
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 values by property type (as at 6 Jan 2015)