The new FindaProperty.com Rental Index for April 2009 is now available!

What is happening in London residential rental market in April 2009?

- Majority of London boroughs continue to see both month-on-month and year-on-year falls in asking rents, with the inner boroughs and the south west London corridor amongst the most severely affected.

- Double digit declines are not unusual, with the largest year-on-year falls seen in Islington (-15.9%), Tower Hamlets (-14.0%), Merton (-12.7%), Hammersmith and Fulham (-12.5%) and Wandsworth (-12.2%).

- Areas that have performed best are situated in the outer London boroughs, with a particular concentration in Eastern and South Eastern locations.

- Some boroughs have even managed to achieve year-on-year rental growth, including Greenwich (4%), Hillingdon (1.2%) and Barking & Dagenham (0.8%).

*Excerpt from London Boroughs Overview

Highest average rental asking price in April 2009 – Kensington & Chelsea £3,176 (monthly change -0,2%).
Lowest average rental asking price in April 2009 – Barking & Dagenham £911 (monthly change +1,3%).

Download the latest FindaProperty.com Rental Index.

This entry was posted on Wednesday, April 29th, 2009 at 10:19 am and is filed under Statistics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.