CEO & Co-Founder of Hello Neighbour
4.5% Drop in rental prices vs Sep 23
We had 62 viewing requests per property in September, in line with 65 last year Sep 23.
London rents in September were down 4% from the previous month to £2,268 but up 3% compared to the previous three months. Year-on-year, rents decreased by 4.5% compared to September 2023, a larger drop than the last few months.
We are still seeing rental prices stay near the average, with 75% of landlords pricing within 10% of the market rate.
The gap in demand for outer London properties versus inner London is still close, with 105 viewing requests in outer London compared to 98 in inner London, a smaller gap than Sep 2023.
Havering had the highest number of viewing requests over the past three months, with 435 requests per property on average, followed by Newham with 187.
Download the full report here:
Hello Neighbour | Lettings Insight Report | Sep 2024
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