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Evening Standard
Evening Standard
Business
Meghann Murdock

Renting in London: asking rents hit a new record high in final months of 2022

The asking rent for a home in inner London is now above £3,000 a month

(Picture: Daniel Lynch)

The average asking rent in London hit a new record high of £2,480 a month in the final months of 2022, according to new data from property portal Rightmove.

The data, published today, covers the fourth quarter of last year (October to December inclusive). It shows an annual increase of 15.7 per cent for asking London rents, and a 5.8 per cent rise on the previous quarter.

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