The London rental market suffered greatly as a result of the pandemic. Dwindling demand due to a combination of working from home guidelines and travel restrictions preventing foreign interest caused stock to flood the market and rental prices to fall, as landlords looked to secure a tenant and recoup at least part of their rental income.
However, the latest analysis by London lettings and estate agent, Benham and Reeves, has found that the tide has now turned and the London rental market is making a swift return to form.
In January of last year, the average London rent was £1,627 per month but during the height of the pandemic, this dropped by 4.4% to £1,556 in December.
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