London rent prices see largest annual rise in over 20 years as people return to capital 📈 Prime London rental values increased 3.3% between April and June this year, taking annual growth to 13.5%
Jessica Tomlinson, research analyst at Savills, said: “A combination of strong demand from those returning to London and a continued lack of stock in both the lettings and sales market, has meant that growth across the prime rental market has far exceeded any losses seen over the past two years.
As a result, quarterly growth was strongest in a mix of areas, including Notting Hill , Islington , Wapping and Westminster . There has been growth throughout London with rents increasing the most in Central and North West London Rental vales in the prime commuter belt increased by a further 2.1 per cent on the month – bringing annual growth to 7.6 per cent – slightly down from the last few months of 2021’s peak when it was at 8 per cent. Values are now 15.3 per cent up on March 2020.
“A lack of stock remains an issue in the commuter belt, however, with just 31 per cent of agents citing that they have seen more come to market this quarter.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silent Hill 2 fan patch fixes 20 year-old game breaking glitchIf you're lucky enough to have a physical copy of Silent Hill 2 on PC, its fan-made Enhanced Edition keeps getting better and better.
Read more »
Unlock your creativity with 20% off Adobe Creative Cloud in EuropeWant to get creative (and live in Europe, the Middle East or Africa)? There's currently 20% off the Adobe CC subscription - ends 11 July!
Read more »
The 20 Nottingham buildings or areas which are 'at risk'The list has been put together by Historic England
Read more »
Silent Hill 2 modders have finally fixed a 20-year-old bugThe modders behind Silent Hill 2 Enhanced Edition have finally fixed a 20-year-old bug that's plagued the PC version of…
Read more »
The 19 Best Places to Drink Beer in LondonFrom the old-worldliness of British bitter, German lager, Nordic mead, and of course the voguish, relentless wave of North American-style pale ales
Read more »
The 11 Best Restaurants in Camden, LondonWalk along the canal, sit in the sun, and tuck into some quality siu mei, proper Japanese izakaya, molten, oozing cheese, and more
Read more »