London rental market outstrips faltering sales sector
Summary
The article reports that London rental growth has outpaced house price growth in most boroughs since the start of the year, with average rents rising while average house prices have edged down overall. It highlights particularly strong rental growth in boroughs such as Camden and Islington, alongside weaker sales market performance across much of the capital.
Why it matters
For residential property surveyors, the divergence between rental and sales performance is relevant to valuation assumptions, investment analysis and local market commentary. The mention of the Renters Rights Act also signals ongoing regulatory pressure on landlords and the wider lettings sector.
Key points
- Rental growth exceeded house price growth in 26 of London’s 32 boroughs.
- Across London, average house prices fell slightly while private rents increased.
- Camden and Islington recorded some of the strongest rental growth.
- Several boroughs saw house prices fall more sharply than rents, including Westminster and Kensington and Chelsea.
- The article links landlord pressure to the implementation of the Renters Rights Act.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
