The London rental market is seeing stabilization, with a 1% increase in rents from Q3 2023, but a consistent drop each quarter of 2024 suggests change.
In specific areas like W8 and SW3, rental prices have been consistently declining since late 2023, although these neighborhoods remain largely unaffordable.
While average room rents in postcodes E, N, and SE are the cheapest in London, many areas still average above £800, highlighting affordability issues.
Despite a slowdown in rental inflation to 5.4%, rental property supply still can't keep up with demand, which is double pre-pandemic levels.
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