In the five-year period between 2024 and 2028, the prime residential rent for existing properties in Greater London is expected to increase by over 19 percent. The highest percentage change is expected to occur in 2024, when rents are to rise by 5.5 percent. In the UK. rental growth has accelerated notably since 2021, with March 2024 experiencing a decade-high annual percentage growth. The trend reflects the complex interplay between housing affordability, mortgage rates, and supply of rental homes, as the UK housing market navigates a period of transition.
Forecast annual change in average residential rent prices in London from 2024 to 2028
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Knight Frank. (May 27, 2024). Forecast annual change in average residential rent prices in London from 2024 to 2028 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
Knight Frank. "Forecast annual change in average residential rent prices in London from 2024 to 2028." Chart. May 27, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
Knight Frank. (2024). Forecast annual change in average residential rent prices in London from 2024 to 2028. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
Knight Frank. "Forecast Annual Change in Average Residential Rent Prices in London from 2024 to 2028." Statista, Statista Inc., 27 May 2024, https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
Knight Frank, Forecast annual change in average residential rent prices in London from 2024 to 2028 Statista, https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/ (last visited December 30, 2024)
Forecast annual change in average residential rent prices in London from 2024 to 2028 [Graph], Knight Frank, May 27, 2024. [Online]. Available: https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
