London rents increase by 25 per cent in six years

Rents soar in London
Rents in the UK capital outstrip growth in wages.

Rental prices in the UK capital increased by 25.9 per cent between 2011 and 2017, while wages rose by just 9.1 per cent over the same period.

These prices reflect the cost of renting a two-bedroom flat, which, according to this data, now costs an average of £1,500 a month in the capital.

Elsewhere in the UK rental prices outstripped wage growth, with the rental costs increasing by 18.2 per cent compared to just a 9.8 per cent increase in salaries over the same period.

The average cost of renting a two bed-flat across the UK is now £650 a month.

Read the full story at mortgagestrategy.co.uk.

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