Average rental values in London rose by 2.4%Nick Barnes, Head of Research
According to the latest Homelet Rental Index, average rental values in London rose by 2.4% from July to August, to reach a record £1,464 pcm - 11.4% higher than in August 2013.
NB comment: supply has become more constrained while tenant demand remains firm which is exerting upwards pressure on rents in the broader market. Even the prime segment is seeing a pick-up in rental values and tenants do not enjoy quite the same.
Read the full Chrome report by clicking on the link below.
London rental values by property type (as at 14 Oct 2014)