child mortarboard gbp briefcase bath coffeecup tree twitter search crosshair fax house papers sort house-pound brochure list-items notes printer video-camera video virtual-video bath bed camera floorplan heart-empty heart-filled heart-empty-thin heart-filled-thin sofa calculator compass share clock list map-pen map-pin pencil save business-card letter phone heard people pointer cross linkedin google-plus facebook arrow-right close triangle-down my-wink my-wink-thick house-circle loading-spinner bell close-circle dog link pinterest school transport wardrobe arrow-up one two three four five six seven tick

Why renting stacks up: How affordable is it to rent in London and across the UK?

More of us than ever before are renting our homes. One in five households across England is now within the private rented sector, up from one in eight just a decade ago. Nowhere is the shift from home ownership to renting more prevalent than across London.

While for many it feels as though rental values are soaring, adjusting for inflation official data indicates rents across London have fallen by 2.2% over the past year and have risen just 2% since the start of 2006. Conversely, the average sales price of an apartment has risen by 55%.

One in six tenants pay less than 20% of their gross monthly income on rent, although on average tenants pay 31%, a figure that has remained remarkably consistent over the past five years.

Click here to read the full story.

Related posts

Winkworth Central London Market Update - Q4 2019

Confidence returning following general election result.

Read post

February 12, 2020

Winkworth launches new brand message for 2020

Now celebrating its 185th year of trading, Winkworth is launching a new brand message to better align its existing marketing with its core brand values.

Read post

February 14, 2020

Winkworth announces new charity partnership with London Youth Rowing

Winkworth Franchising Ltd is delighted to announce its new charity partner for 2020 as London Youth Rowing.

Read post

February 14, 2020

Find your Local Office

Find your Local Office

Speak to people who, quite simply, love their patch and love what they do.

Get a Free Valuation

Get a Free Valuation

Thinking of selling or letting your property, or just interested to know what it is worth nowadays?