Central London rental growth remains resilient amid coronavirus uncertainty

 

Key Takeaways:

The private rental market has shown resilience amid the uncertain and disruptive COVID-19 lockdown period. According to the Office for National Statistics (ONS), private rents increased by 1.2% in the year to June 2020.

For a two-bedroom property, the Valuation Office Agency (VOA) reports that Kensington and Chelsea and Westminster achieved the highest rents at £3,185 per calendar month (pcm) and £3,053 pcm, respectively. Lewisham demanded the lowest rents of £1,141 pcm.