The capital's landlords are benefitting from double-digit increases in rents, outdoing every other region of Great Britain.
Related topic: Rent
The highest yields of 7.0% have been achieved by landlords in the North East and also those with HMOs
Average rental prices per property now stand at £1,166 per month, according to the latest data released by Goodlord.
Despite the pace of rental growth continuing to ease, newly marketed rental properties outside of the capital have seen average advertised rents hit a 17th consecutive record.
Renters are significantly worse off today than they were a decade ago as salaries have failed to keep up with ballooning rental costs.
The first quarter of 2024 is reflective of wider economic turbulence and has led to acute pressures on landlords, according to Reposit.
Rents rose 9% on average in the UK in Q1 2024 compared to the same period in 2023, according to the latest data released by flatshare site, SpareRoom.
Virtually every region of England and Wales has seen annual yield increases, according to Fleet's latest data.
Record levels of tenant demand have seen average rents climb by 28% since March 2020.
The majority of UK tenants are at the very limit of what experts believe is ‘affordable’, according to new research.
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