Rents in the capital have “over-shot and are adjusting”, falling 0.4 per cent in the first half of 2024, reports Zoopla.Over a third of London boroughs (12 of 33) recorded rents falling so far this year, led by inner London areas such as Tower Hamlets, Newham and Greenwich.
While rents across the UK were up 5.7 per cent, Zoopla said that the UK was “well past peak rental growth” as rents softened in major cities. Rents are still rising in areas where people priced out of more expensive locations are relocating to find more affordable housing.
