Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
London Rents Hit Record High of £2,825 PCM, Says Rightmove
London's average advertised rent has reached £2,825 per calendar month, according to Rightmove. It is a record high for typical London rents.
The headline, reported by Letting Agent Today, cites Rightmove data on advertised rents in the capital. The source excerpt gave no further detail on the underlying data, timescales, or comparison with previous periods.
For letting agents and inventory clerks in London, the figure points to continued pressure in the capital's rental market. The source carries no additional commentary, breakdowns by borough, or analysis of what is driving the figure.
Source: Letting Agent Today