Record-breaking rental growth continues, with central London rents up 15% on the year
'2022 has been a record-breaking year for rental growth,' says Hamptons. 'But even so, rents have failed to keep pace with wider inflation, and indeed landlords’ rising costs.'
What to read next
‘Intense’ tenant demand fuels record prime rental growth in London
Current growth rates 'cannot be sustained,' says Savills, as its prime lettings index records the highest annual increase since it started in 1979.
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.
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.'
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