Foxtons: London Rents Have Increased
Foxtons Park Lane office. Photo: Foxtons
Ed Phillips, lettings director at Foxtons, says that the rental prices in London have gone up over the last 9 months between 10-20% on new tenancies. Even tenancy agreement renewals have gone up by approximately 7%. On average they have about 4-5 applicants for each property, and they are seeing things go quickly.
Source: Aboutproperty.co.uk
[...] The outcome for 2-bed flats and houses – 14% rise in rents for London. Just last week Foxtons announced that the rents have gone up 10-20% for the properties they [...]
I think your survey is quite old. A new survey report shows it up to 30% increase and agreements up to 10%.