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London rental price gap widens

Sam Cordon

January 3, 2014

The most expensive borough in November 2013 was Kensington and Chelsea at £5,438 per calendar month, and Bexley the cheapest at £1,027

The average asking rent for Greater London has increased 4.34% (£86.27) over the last year and 2.98% (£59.24) in the last three months to reach its current figure of £1,988.

Robin King, director of Move with Us, said: “Rents across London have always differed greatly but the gap in the current market is extremely wide.

“Anyone looking to rent in the capital should do their homework as rents can significantly vary from borough to borough.”

Kingston upon Thames provides the most stable asking rents at £1,668 changing just 0.11% (£1.85) in a year-on-year comparison.

Asking rents in Lewisham have changed the least in a three month period, moving just 0.08% (£1.08).

King added: “A tenant’s best option is to look for a borough with reasonable rental prices that are rising slowly, such as Kingston upon Thames and Lewisham, and that are also on a commuter route that suits their individual needs.”


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