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Evening Standard
Evening Standard
Business
Emma Magnus

London renting crisis: Rents rise to unprecedented levels while demand soars

Rents have risen at the highest rate ever recorded in London’s most expensive areas as renters returning to the capital post-pandemic far outnumber homes available to let.

Data from Savills shows that, between 1 January and the end of September this year, rents grew by 13.7 per cent across prime London districts – the steepest increase since the firm’s records began in 1979.

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