Rent for two bedrooms in London will reach £2000

In that time, prices for luxury properties in London, under pressure of the tax burden, had begun to decline, prices continue to rise for rental property in London. Average rental price of apartments in London for two bedrooms, according to forecasts, will soon reach £2000 per month. Now the average price of housing in London with two bedrooms is £1867 per month and continues to grow. A surge of leasing activity, which is usually expected in the run-up to September, usually leads to increase rates to 11%. Therefore, it is not surprising if the price in September will reach the key level of £2000.

Apartment on two bedrooms have become popular due to the extreme cost of renting a property in London and often people come together, renting an apartment on two bedrooms for two people, since it’s cheaper than rent each apartment is one bedroom, the average cost is around £1500. £1000 pounds is almost half the average wage of a person in London, after deduction of taxes. The biggest increase in rents on flats in London two bedrooms over the last year was observed in the area of Eling – 6.9%, followed by Richmond with growth of 6%, and then the Lambeth, with prices rising by 5.8%.

However, rents for luxury properties in London with two bedrooms in Central areas falls, followed by falling prices for luxury housing. The largest drop in prices was felt in Westminster – 5.7% and 1.1% in Kensington and Chelsea. In the whole of London in almost all areas and in all types of housing, the rise in rents of 1% to 7%. The most significant price growth for all property types experienced the boroughs of Hammersmith and Fulham and Lambeth – 4.7%.

® Alice Morgan. 21.04.2016 G.

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