The average rental price in London exceeded the record level


The average rental price in London rose to a record £2,034, according to Independent. The price increase was 2.1%, which corresponds to the maximum rate since 2014. In 2019, experts predict a further increase of 4%. The average rental price exceeded the record of the beginning of the year 2016. The volume of rental housing has fallen by 22% in London. In the British province, rental housing fell by 10%, with prices falling by 0.6% to 798 pounds. Limiting the supply in 2019 will cause a 3% increase in rent in all cities except London. The growth of rental properties was observed in 2016 and 2017, however, the inflow decreased due to the increase in the tax burden on this type of real estate.

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