As expected, London continues to be the most expensive UK region in which to rent property. The capital saw a £13 (0.98%) increase in average monthly rent, rising to £1,345 from Q3 2019. North West London rents haven’t seen any significant changes.
- Year on year the value is even higher, average monthly rent in the region has climbed by £55 compared to this time last year.
- By property type, the biggest increase can be seen in detached properties, where average rent has gone up from £1,735 in Q3 to £1,776 in Q4. This is a rise of £41 and is the largest increase in property type across the UK.
- Terraced properties, on the other hand, have become a little cheaper to rent, with average rent falling by £20 to £1,594.
- On average, people in London spend 42% of their £38,992 salary on rent, which is far higher than the UK average of 30.80%.
“SHOULD I SELL OR LET MY PROPERTY?”
“HOW MUCH RENT IS MY PROPERTY WORTH?”
If you are a landlord and would like a market appraisal for renting your property in Hampstead, Belsize Park, Highgate, East Finchley and Hampstead Garden Suburb, North West London, please contact Muriel:
LET MY HOME FOR MORE MONEY IN A SAFER WAY
SELL MY HOME FOR MORE MONEY MORE EASILY
9 REASONS TO CHOOSE MY SERVICE
- I listen to you
- You are not a number
- Better communication
- Experience and Expertise
- Strategic Pricing
- Staging advice
Here are 12 questions to ask estate agents to help you choose the best professional for you. In these challenging and uncertain times, a quality agent will make all the difference in terms of selling or rent price, time, customer service and peace of mind.