London Rent Price Trends - May 21

Back to articles
Jun 4 - 2021
5 min read

A quick look at how rental prices have changed across Greater London over the past year

Unlike sales data which reflects a longer-term mindset, rental data is a great proxy for visualising short-term shifts in priorities within the housing market.

A year of stay-at-home orders and the closing of social venues have led many people to rethink their priorities in terms of where they want to live. Proximity to work is not so important when the office is closed. With commuting times and social attractions removed from people's calculations and perhaps having experienced a lockdown or two in a small flat, lower density living with more space has clearly won out.

Examining the data, we can see that average rental prices in central London districts have fallen dramatically while those areas further out have seen an increase, in some areas a substantial one.

To see our sale and rental price estimates for your flat or house and track the changes over time, go to www.bricksandlogic.com.

Ward level map of Greater London coloured by the average rental price change between May 2020 and May 2021

 

Average rental price changes by Postcode District. 31 May 2020 - 31 May 2021

Largest Falls  Largest Gains 
PostcodeChange PostcodeChange
WC-12.1% RM148.0%
EC-11.3% DA28.0%
E1-10.3% BR87.6%
W14-9.6% WD257.6%
N1-9.5% UB76.5%
W1-9.4% DA176.0%
E2-9.3% RM155.9%
SE1-8.8% KT105.6%
W2-8.5% WD195.3%
SW7-8.3% BR65.3%