In February, London home rents rose 10.6% year-over-year, reaching an average of £2,000 a month.
London home rents surged at a record pace in February, with private rents soaring 10.6% from a year ago, according to the Office for National Statistics. The average cost for tenants is over £2,000 ($2,539.5) a month, marking the second month of double-digit increases since the ONS began collecting the data. This comes amid the UK's ongoing housing crisis and a broader cost-of-living squeeze on finances.
March 20, 2024
6 Articles