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Lettings Surge in the UK: London Rents Hit Record Highs
Manage episode 451911747 series 3612206
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In this short episode of London Property Digest, we explore the recent surge in UK rental prices, driven by high demand and landlords selling properties ahead of budget changes. London leads with record-breaking average rents of £2,200 per month, while other areas also see increases. Rising costs for landlords and fewer available rental properties are putting pressure on tenants, compounding the affordability crisis for first-time buyers. Tune in for insights into what’s fueling the lettings surge and its impact on the housing market.
The Story Behind London Property Digest:
Originally created to keep our team at Longrad sharp and informed, we’re now sharing these insights with the wider community — offering you a fast, comprehensive London property update on the go.
About Longrad:
Founded in 2005, Longrad is an independent consulting agency specializing in the individual selection of prime residential and commercial real estate. With over 19 years of experience in the luxury real estate market, our team of qualified professionals knows London’s property landscape like the back of their hand.
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