Figures from London-focussed agency Foxtons suggest that rentals have reaching the highest ever weekly price in the capital.
The average in September was £553 per week, breaking June 2022’s record of £549 per week; and Central London continued to produce the highest average weekly rent this year at £636, a 30 per cent increase on prices seen in 2021.
Levels of rental stock remain low and in September there were just 23,000 new listings, the lowest monthly volume of new instructions this year. The number of new listings year-to-date is 38 per cent lower than the same period last year.
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