Rent prices in London have recently decreased by 2% on average according to SpareRoom, although this drop is not uniform across the capital. Central areas have seen the greatest reductions, while outlying neighborhoods like Forest Hill and West Norwood are experiencing rent hikes of up to 13%. Notably, Lower Edmonton has the most significant rent decrease, with areas like SW1 and Chelsea following closely. The increase in available rental properties has begun to balance out high demand, pushing landlords to reevaluate and lower their rent prices.
Rent prices in London have dropped an average of 2% recently, mainly in central areas, but not all neighborhoods have experienced this trend.
Areas like Forest Hill and Muswell Hill are continuing to see rent increases, as the demand in those locations remains high.
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