Join us for FREE and access exclusive investments and property investment resources
Join IPIN here
Access exclusive opportunities that are only available to IPIN Members
Find out more
We never share your data with any third parties.
*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.
Property Investment London
HomeLet Rental Index
The latest figures in the HomeLet Rental Index have revealed that properties in Greater London now command an average monthly rent of GBP 1,206 - their highest recorded level. Despite the rest of the UK experiencing a marginal decline in rental values from August to September, the capital saw its 11th consecutive month of price hikes in the sector.According to the organisation, tenants in London may be feeling the pinch, as rents have climbed by nine per cent since September 2010, while average incomes have only risen by 4.5 per cent during the same timeframe. John Boyle, HomeLet managing director, commented: "Rents in London only increased by 0.33 per cent this month. This may not seem significant, but it's out of character with the dip in rents we normally see in the capital at this time of year."It is not only rents that have been rising in the city - average house prices have also been steadily increasing, with the most recent data published by the Land Registry showing that capital values for properties in London were up by 2.1 per cent in August, compared to a year earlier, with the average cost of a home now GBP 348,686.
Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here
*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.