London Rent Increases Ease to the Slowest in Over Two Years

London Rent Increases Ease to the Slowest in Over Two Years

The pace of London rent increases pulled back to the slowest in over two years, a shift experts pinned on falling immigration and prices that have become unaffordable to many residents.

London rental supply hits four-year high as demand grows

London’s lettings market saw a rise in supply and increased renter activity, according to data from Foxtons.  Average weekly rent was up 1% from May to £593, higher than in June 2024.  Applicant registrations went up by 21% month-on-month, and were just 4% below last year’s level.  Central London saw registrations rise by 4% compared to June 2024, and the North was up 5%.  The East dropped 6%, while the South and West were down 15% and 22% year-…

The London housing market is now ‘impossibly unaffordable’, according to a think tank

A new report by a think tank has revealed that London has one of the least affordable housing markets in the world