The London rental market has a profound impact on national averages, significantly skewing perceptions of rental prices across the UK.
Despite London having only 12.3% of the UK’s homes, it accounts for a staggering 32.1% of rental properties that have come to market in the last seven years.
Looking at the stats.
The average UK rent is £1,753 pcm.
However, the UK average rent excluding London, drops to £1,208 pcm.
If we were to look at London’s average rent, it is £2,830 pcm, which is significantly higher than the rest of the UK.
This discrepancy stems from both the size of the rental market in London and the higher rental prices, which disproportionately contribute to national figures.
Understanding these dynamics is crucial for landlords looking at the property market data.
For more information or to discuss your property needs, be you an existing/potential new landlord or tenant feel free to contact us at northampton@belvoir.co.uk
