Average London rents are predicted to grow 14% over the next five years. Data from CBRE found that all 33 London boroughs have experienced rental growth over the last five years. Its latest London Borough Property report also found that the average house price in London hit £516,285 in 2021, with a 19% growth expected over the next five years. Popular areas including Kensington and Chelsea, City of London, Camden and Hammersmith and Fulham saw the largest rental increases, with prices jumping around a third for each borough. Meanwhile separate data from Chestertons has found that the average London rent has soared 21% since 2020. Demand has increased thanks to renters returning to the city for office jobs as well as the return of corporate tenants.
City A.M. London Evening Standard
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