CEO & Co-Founder of Hello Neighbour
Lettings market similar to last year Nov
We had 38 viewing requests per property in November, 10% lower than in Nov 23.
London rents in October were down 0.8% from the previous month to £2,126 and down 5.1% compared to the previous three months, similar to the trend from last month of 6.8% down. Year-on-year, rents decreased by 1% compared to October 2023, a smaller drop than last months 4.1%.
We are still seeing rental prices stay near the average, with 12% of landlords pricing within 10% of the market rate.
The gap in demand for outer London properties versus inner London remains close, with 81 viewing requests in outer London compared to 73 in inner London.
Redbridge had the highest number of viewing requests over the past three months, with 331 requests per property on average, followed by Havering with 285.
Download the full report here:
Hello Neighbour | Lettings Insight Report | Nov 2024
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