Real Estate
London Rents Soar at Fastest Pace in More Than a Decade
- Supply shortfall hits UK with 10 tenants for every property
- London new home sales fall to lowest in more than a decade
London suffered its fastest increase in private rents since December 2012.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Rents in London are rocketing at their fastest pace in more than a decade as private tenants fight over a dwindling supply of homes.
Private renters in the capital saw a 4.8% jump in prices in March compared to a year ago with further increases across the UK expected over the next year, the Office for National Statistics said Wednesday.