Has London reached 'peak rent'? Here's where room rents are falling fastest

Some London areas are seeing ‘sharper corrections’ than others, which could help renters focus their search - (STANDARD)

After several years of skyrocketing rises, it seems that London has finally reached ‘peak rent’. According to data from SpareRoom, average room rents across the capital fell from £1,015 to £993 per month (two per cent) last year.

Data released this week by Hamptons shows rents paid by Londoners moving into new homes are down 0.7 per cent — the only area in the country to see a price reduction.