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Evening Standard
Evening Standard
Business
Jonathan Prynn

Rents set to stay at record highs in London

London Foxtons Office for National Statistics Goodlord

A Foxtons letting sign outside a property in London

(Picture: SIPA USA/PA Images)

Londontenants were today warned that there is no sign of any easing in the red hot rental market “in the coming months” as new listings fell 40% over the year.

The capital’s biggest agency chain Foxtons said supply and demand remain hugely out of kilter with 28 renters competing for every new property, forcing up prices. In east London, a traditional rental hotspot for professionals, the competition increased to 38 renters per property.

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