London rents record their biggest annual rise in over 20 years as people return to the capital after the Covid crisis.
According to real estate firm Savills, this year's prime London rental prices rose 3.3% from April to June, with annual growth reaching 13.5%. .
i News According to the site, flats continue to outperform houses. London flats averaged 14.9% annual growth in the quarter, compared with 11.7% for housing.
Kensington and Chelsea are the most expensive boroughs to rent a two-bedroom home, with Haveling in East London being the cheapest.
Savills Research Her analyst Jessica Tomlinson said, "A combination of strong demand from people returning to London and continued inventory shortages in both the rental and sales markets." said it meant growth in the overall prime rental market. She's "far above the losses we've seen in the last two years."
UK rental prices in May were up 11% year-on-year, while in London he was up 15.7%, according to property firm Zoopla. CNBC spotted "eye-popping" rental prices, a trend that's gaining traction across the Atlantic.
Meanwhile, homelessness hit a record high among individual renters Sky News reported. The main reason is that landlords are choosing to sell or re-let their properties. The capital has been particularly hard hit. Homelessness among single-person households fell by 2.8% across England, but rose by 9.4% in London.
| Boroughs | Rents | ||
| Kensington and Chelsea | £2,757 | ||
| Westminster | £2,517 | ||
| City of London | £2,229 | ||
| Camden | £2,193 | ||
| Hammersmith and Fulham | £ 1,956 | ||
| Islington | £1,924 | ||
| Wandsworth | £1,855 | ||
| Hackney | £1,745 | ||
| Southwark | £1,737 {58 | Tower Hamlets | £1,728 |
| Richmond Upon Thames | £1,705 | ||
| Lambeth | £1,692 | ||
| Newham | £ 1,587 | ||
| Haringey | £1,576 | ||
| Merton | £1,548 | ||
| Ealing | £1,530 | ||
| Brent | £1,454 | ||
| Greenwich | £1,444 | ||
| Hounslow | £1,433 | ||
| Barnett | £1,406 | ||
| Kingston Upon Thames | £1,406 | ||
| Lewisham | £1,394 | ||
| Waltham Forest | £1,380 | ||
| Enfield | £1,349 | ||
| Halo | £1,335 | ||
| Bromley | £1,323 | ||
| Redbridge | £1,299 | ||
| Barking and Dagenham | £1,286 | ||
| Hillingdon | } £1,250 | ||
| Croydon | £1,245 | ||
| Bexley | £1,201 | ||
| Sutton | £1,191 | ||
| Hayling | £1,166 |
*National Bureau of Statistics,Private Rental Market in London: Average price of 2 bedroom property from April 2021 to March 2022
