07.12.15 Property News: London rental prices up

07.12.15 Property News: London rental prices up

Since June 2015 London rental prices have increased by nearly 5%. Now the average rental value of the property is £1,476 contrasted with £1,402 in the summer.

The largest price increase has taken place in Greenwich, with monthy costs rising by £338. This could be due to an influx of students who are starting back at university.

According to data published by Rentify, the rental demand stays highly strong across the capital.

Thus, with a stable growth of rental prices, the purchase of property London and other prime location areas in the UK remains a good investment. If you are planning on buying a property, please contact Tatiana Svetlova for consultation on tsvetlova@svetlovallp.com.