New research, from rental platform Rentd, reveals that while rental prices are on the rise in London – with 88% of postcodes now higher – these are certain pockets where this isn’t the case 👇🏽
a flat in the UK has grown by 11% in the last quarter – the highest rate recorded since 2008.In fact, the typical single-income household in the capital is spending 52% of its monthly incomings on rent.
But new research, from rental platform Rentd, reveals that while rental prices are on the rise in London – with 88% of postcodes now higher – there are certain pockets where this isn’t the case. In SW1, around Westminster and Belgravia, the average rental value is currently 22.2% lower than it was in December 2019.
Likewise, in the W1 outcode area of Mayfair and the West End, prices are down 17.4%, and in NW11 they’re down 13.7%.Elsewhere in London, TW10 , N13 , WC2 , IG5 , SW10 and SW14 also rank within the top 10 postcodes where rental values have seen the biggest dip – when compared to the pre-pandemic market.
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