The big squeeze:central London rents rocket as number of rental homes drops by 17% in a year
London Luxury Home Values Set for 20% Rebound Over Five Years
September 26, 2017Britain aims to give go-ahead to new Heathrow runway by next year
October 3, 2017The big squeeze:central London rents rocket as number of rental homes drops by 17% in a year
Young London renters are being pushed out of Zones 1 and 2 as average rents rise to £1,785 a month.
Exclusive research, published today, finds the total number of homes available to rent in London has fallen by 17 per cent year on year. Yet demand continues to grow.
“In a bid to find better yields and cut their Stamp Duty bill, investors who had been buying in central London are now looking in outer London. And some landlords who had been operating on the capital’s outskirts are now looking outside London.
“In September over half of London-based landlords bought outside the capital, an average of 38 miles away.”