{"id":117822,"date":"2020-07-15T20:09:12","date_gmt":"2020-07-15T13:09:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-rents-are-falling-fast-and-thats-good-news-for-tenants-patrick-collinson\/"},"modified":"2020-07-15T21:04:52","modified_gmt":"2020-07-15T14:04:52","slug":"london-rents-are-falling-fast-and-thats-good-news-for-tenants-patrick-collinson","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-rents-are-falling-fast-and-thats-good-news-for-tenants-patrick-collinson\/","title":{"rendered":"London rents are falling fast \u2013 and that's good news for tenants | Patrick Collinson"},"content":{"rendered":"


\nPeople are leaving the city as the coronavirus lockdown eases and they work from home elsewherePrivate rents are falling in London at an extraordinary pace. Figures prepared exclusively for the Guardian by Rightmove reveal that in zone 2 of the capital, rental asking prices are down by 8% since February alone. They are falling even more dramatically in the heart of the city (down 18%), but that\u2019s only the international market, which has little to do with real workers. What the zone 2 figures (they cover areas such as Hackney, Brixton, Camden Town, Finsbury Park, Hammersmith and others) tell us is that tenants are fleeing London, and the property market is cracking.Take the story of 29-year-old bank worker Elaine \u2013 she asked me not to give her real name \u2013 who is one of many quitting the capital. She has rented in south London for seven years since graduating, but this week she\u2019s handing in the keys to her Tooting flat, heading instead to the commuter town she came from. But she won\u2019t be doing any commuting. The \u00a3850 a month she used to pay for just a bedroom in her London flatshare will pay for her own flat with plenty of space, where she will work from home. Continue reading…
\n
\nSource : theguardian.com
\nRead more…London rents are falling fast \u2013 and that’s good news for tenants | Patrick Collinson<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

People are leaving the city as the coronavirus lockdown eases and they work from home...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-117822","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uEm","jetpack-related-posts":[{"id":53175,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-rents-fall-sharply-as-monthly-bill-drops-across-uk\/","url_meta":{"origin":117822,"position":0},"title":"London rents fall sharply as monthly bill drops across UK","date":"April 28, 2017","format":false,"excerpt":"\r Lettings agents say new tenants in capital are paying \u00a3100 per month less than a year ago, with demand from tenants falling, possibly because of Brexit voteRents in London have fallen sharply, with new tenants in the capital typically paying almost \u00a3100 a month less than their counterparts a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-continue-to-rise-across-the-uk-and-in-london\/","url_meta":{"origin":117822,"position":1},"title":"Rents continue to rise across the UK and in London","date":"May 5, 2016","format":false,"excerpt":"\r Latest figures show average rent outside London rose to \u00a3755 a month, while within the capital it hit \u00a31,543The average cost of renting a property outside London rose by 5.1% in the 12 months to April, while tenants in the capital faced a 7.7% increase, according to the latest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-likely-to-keep-falling-for-another-six-months\/","url_meta":{"origin":117822,"position":2},"title":"UK house prices likely to keep falling for another six months","date":"April 11, 2019","format":false,"excerpt":"\r Prices in south-east and London likely to fall for whole of 2019, industry survey findsHouse prices are likely to continue falling for another six months in the UK and for the whole of 2019 in London and the south-east, according to an industry survey.Separate official data shows that rents\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136100,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-monthly-rents-hit-2500-in-london-and-1190-for-rest-of-uk\/","url_meta":{"origin":117822,"position":3},"title":"Average monthly rents hit \u00a32,500 in London and \u00a31,190 for rest of UK","date":"April 28, 2023","format":false,"excerpt":"\r Asking price at record levels inside and outside capital in first three months of 2023, Rightmove findsAverage monthly rents outside London soared to a record high of \u00a31,190 in the first quarter of this year, with tenants in the capital paying more than \u00a32,500 for the first time, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134489,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenants-are-fleeing-london-at-record-pace-to-escape-rising-rents\/","url_meta":{"origin":117822,"position":4},"title":"Tenants are fleeing London at record pace to escape rising rents","date":"February 13, 2023","format":false,"excerpt":"\r Four in 10 renters moving home in London last year chose to leave the city as pricey monthly payments squeezed budgets to the limit.\r \r Source : South China Morning Post\r Read more...Tenants are fleeing London at record pace to escape rising rents","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-rents-outside-london-have-risen-by-a-third-in-four-years-data-shows\/","url_meta":{"origin":117822,"position":5},"title":"Private rents outside London have risen by a third in four years, data shows","date":"July 21, 2023","format":false,"excerpt":"\r Rightmove says average advertised rent in Great Britain is at all-time high of \u00a31,231 a month outside the capitalPrivate rents in Great Britain have soared to fresh all-time highs and the average amount being asked for outside London is now a third higher than four years ago, figures from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117822"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=117822"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117822\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}