Tenants in London now pay more than double those elsewhere in the country, research has revealed.
A report by insurance provider HomeLet found that the average monthly rent payment in the capital was £2,109 in July, compared with £1,037 elsewhere in the UK.
Westminster remained the most expensive district, with a typical home priced at £3,360 per month, more than three times the UK figure.
Across the capital, tenants handed an average of 38 per cent of their gross household income to landlords in July this year, up from 31 per cent six years earlier.
Five cheapest London areas
|
Borough(s)
|
Average rent in July 2023
|
|
Croydon
|
£1,471
|
|
Redbridge and Waltham Forest
|
£1,590
|
|
Barking, Dagenham and Havering
|
£1,679
|
|
Bexley and Greenwich
|
£1,726
|
|
Harrow and Hillingdon
|
£1,748
|
Source: HomeLet
To read more click here
