11 May

Houses to rent in London growing in popularity

Houses to rent in London growing in popularity

Rentals in the capital should see sustained growth in 2011 as people continue to look for houses to rent in London, according to Savills.

Latest research from the estate agent found that mainstream rental growth has been "particularly pronounced" in Greater London, where average residential rents rose by 16 per cent in 2010, while the prime rentals market is also experiencing strong price growth.

Low stock levels and high demand is expected to boost rental growth notably in Fulham, Putney, Wandsworth and Richmond.

"High rent rises are not confined to the prime market and, as more aspiring buyers are frozen out of home ownership, demand for private rented stock in the country as a whole can only grow," said Yolande Barnes, head of Savills residential research.

Earlier this month, Savills said land values in central London have risen by 12.5 per cent in the last two quarters, which may translate into higher prices for those looking for houses for sale in London.ADNFCR-1222-ID-800528771-ADNFCR

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