London Rents Slightly Up in the Year to June 2018

  • London rents rose 0.1% in the year ending June 2018
  • First annual increase in 18 months
  • 25 out of 33 London boroughs see rising rents again
London rents rose 0.1% in the year to June, according to Landbay, making it the first annual rental increase in 18 months. This brings the average London rent to £1,884 per month, which corresponds to around 2.5 times the average in the rest of the UK of £764 per month.
8 London boroughs have experienced falling rents so far this year: Barking and Dagenham, Barnet, Brent, Hammersmith and Fulham, Kensington and Chelsea, Kingston upon Thames, Tower Hamlets and Waltham Forest. However, the 25 remaining London boroughs saw rent increases.
In the rest of England, the East Midlands and the East of England have proven to be the strongest performers for rental growth so far in 2018, rising by 1.0% per cent and 0.7%, respectively. The North East, on the other hand, was the weakest, with rents down 0.1% year to date.
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