*RENTS IN INNER LONDON are 8.3% CHEAPER in ‘real terms’ (ie after inflation) than 2016*

The average rent in London in 2016 was £2492 per calendar month.

In 2024 it was £3142 per calendar month.

This is a rise of 26%, yet inflation has been 34.3% in the same time period.

Inner London is all N / NW / SW / W / SE / E and WC / EC

Data from TwentyCi

Based on average rent of 327,740 rental properties in 2016 and 287,438 rental properties in 2024

In 2024 it was £3142 per calendar month.

This is a rise of 26%, yet inflation has been 34.3% in the same time period.

Inner London is all N / NW / SW / W / SE / E and WC / EC

Data from TwentyCi

Based on average rent of 327,740 rental properties in 2016 and 287,438 rental properties in 2024

Are you surprised by this?