Property News · October 17, 2022

Average London rent hits record £533 a week amid property shortage


Estate agents Foxtons says an average of 29 renters competed for each property in SeptemberThe average rental in London hit a record £553 a week last month with almost 30 applicants vying for each property, as landlords cashed in on soaring demand and a lack of new properties coming on to the market in the capital.The average rental price in September eclipsed the previous record of £549 set in June, according to the latest data from the estate agents Foxtons, with the fight for property sparking bidding wars, “auditions” and landlords demanding six months to a year rent in advance. Continue reading…

Source : theguardian.com
Read more…Average London rent hits record £533 a week amid property shortage

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