The average London rent for new tenancies in the three months to May 2015 hit £1500, according to the letting company HomeLet. That’s more than double the national average of £738, excluding greater London.
What can that get you?
Greenwich: two bedroom flat with a large private balcony with river views.
Hackney: two bedroom flat on Kingsland high street.
Hammersmith: one bedroom in a gated community in Parsons Green
Enfield: a newly refurbished two bedroom first floor maisonette with a large balcony.
Hounslow: three-bed split level apartment.
Kensington and Chelsea: one bed flat on the fourth floor of a tower block.
Homelet said that all regions had seen an increase in rent on the same period last year, but this was most severe in the capital, where prices were 10.7 per cent higher this year than in May 2014.
The South West of England saw the largest price increases, with average rent prices 13.6 per cent higher than a year ago. Scottish prices were 9.6 per cent up on the year, the South East was 9.4 per cent up and Greater London prices were 9.2 per cent higher.
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