Home Breaking News London commuter belt rental market still performing s…

London commuter belt rental market still performing s…

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Rents throughout the broader London commuter belt continued to rise within the first three months of the yr, in response to a brand new report from Savills.

Commuter belt rents – as much as an hour from London – rose by 2.5 per cent within the first three months of 2021 and by 5.4 per cent on an annual foundation, as demand continued to outweigh provide within the prime markets, pushed by a need for more room. 

The image is extra blended in London itself in response to the company: whereas prime home values ticked up by 0.4 per cent these of flats fell by 1.7 per cent over the quarter, which means they now sit 8.6 per cent over the previous yr.   

This displays the inflow of brief let inventory to the market on account of lockdown, plus the discount of sharer, scholar and worldwide tenants over the previous yr.