London’s lettings market cools, but average rents are still 20% higher than last year
Average rental prices in the capital fell by 3% last month, says Foxtons, in line with a normal seasonal slowdown.
Competition for London rentals is running 40% higher than at this time last year
Foxtons is reporting an 'unusually busy' end to the year for the capital's rental market.
Asking rents in London have jumped by 16% in the last year
'It’s a real challenge for renters at the moment,' says Rightmove, 'as there are simply not enough homes available to rent to meet the demand from people enquiring.'
‘Chronic lack of supply’ drives rents up 12% in a year
Zoopla expects rental price growth to calm down next year, despite continued low stock levels and high tenant demand.
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