*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

This made me go wow!

Did it you?

Christopher

PS The average median wage in London in 2016 was £34,892pa and today in 2024 the median salary, it’s £47,453pa, which is a rise of 36%.