Summer Lettings Report: The Data Behind London’s Record Rents

Posted by Foxtons New Homes on 25th July 2022 -

Right now, it seems just about everyone – in the lettings sector, in the media and across the Capital – is talking about London’s record rent prices. We developed the Summer Lettings Report to examine and explain what’s driving the rent increase and to help navigate this unprecedented market.

Surprising insights for London Landlords

 

There are many interesting findings in the Lettings Report – the rise in renewals, the comeback of short lets and the data we’ve gathered around affordability for tenants and landlords. For example:

• “While some landlords are being deterred by increased legislation and costs, those who remain continue to see good income returns.”

• “It is likely that interest rates will rise further this year but they would need to result in a rise in mortgage rates to 6.9%, with no further increase in rents, for landlords to see no rental income after paying mortgage costs.” 

 

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