In the five-year period between 2023 and 2027, the average residential rent for existing properties in London is expected to increase by almost 20 percent. The highest percentage change is expected to occur in 2023, when rents are to rise by six percent. Homebuyer affordability plays a major role in the development of rental rates: The more homeownership is out of reach, the higher the demand in the rental market. Across most boroughs in London,
Forecast annual change in average residential rent prices in London from 2023 to 2027
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Other statistics that may interest you Real estate in the United Kingdom (UK)
Key figures
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- Premium Statistic Commercial property market size in the UK 2018-2022
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Commercial real estate
7
- Premium Statistic Commercial property investment volume in the UK Q1 2018-Q1 2023
- Premium Statistic Breakdown of commercial property investment in the UK 2023, by property type
- Premium Statistic Commercial property investment volume in the UK 2022-2023, by property type
- Premium Statistic Foreign investment in commercial property in the UK 2015-2022, by property type
- Basic Statistic Number of commercial property transactions in the UK 2007-2023
- Premium Statistic Prime yields of commercial property in the UK 2023, by property type
- Premium Statistic Total investment in commercial property market London 2009-2022, with a forecast 2027
Residential real estate
8
- Premium Statistic Property tenure distribution in the UK 1980-2022
- Premium Statistic Number of residential property transactions in the UK 2006-2023
- Premium Statistic Average house price in the UK 2007-2023
- Basic Statistic Year-on-year house price change in the UK as of December 2022, by city
- Basic Statistic Annual change in house prices in the UK 2007-2023, per month
- Basic Statistic UK housing market: Nationwide house price index Q1 2013-Q4 2022
- Premium Statistic Actual rentals paid by tenants in the UK 2000-2022
- Premium Statistic Average cost of rent in the UK April 2022-2023, by region
Mortgages
6
- Premium Statistic Gross mortgage lending in the UK 2007-2022
- Premium Statistic Average mortgage interest rates in the UK 2000-2024, per quarter and type
- Basic Statistic Monthly development of approvals for house purchase mortgage in the UK 2010-2023
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Forecast
7
- Premium Statistic Capital value growth forecast for different commercial property types UK 2023-2027
- Premium Statistic Rental growth forecast for different commercial property types in the UK 2023-2027
- Premium Statistic Return on investment forecast for different types of commercial property UK 2023-2027
- Premium Statistic Forecast annual prime residential price growth in the UK regional market 2023-2028
- Premium Statistic Prime property price growth forecast in Central London (UK) 2023-2027
- Premium Statistic Forecast annual residential property rental price growth in the UK 2024-2028
- Basic Statistic Forecast annual residential rental growth in London 2023-2027
Further related statistics
17
- UK: Home Counties prime lettings index change quarterly 2013-2017
- Greater London and Great Britain: average cost of rent 2007-2016
- COVID-19: share of commercial rent collected UK 2019-2020
- Percentage change of housing and rental prices in Bergen, Norway 2012-2017
- Percentage change of housing and rental prices in Trondheim, Norway 2012-2017
- Percentage change of housing and rental prices in Stavanger, Norway 2012-2017
- Percentage change of housing and rental prices in Oslo, Norway 2012-2017
- Annual percentage change of housing and rental prices in Norway 2012-2017
- Italy: share of short-term rental dwellings 2016, by macro-region
- Average annual rent for student accommodation in the UK 2011-2015, by provider type
- Share of student accommodations that require advanced rent payments in the UK 2015/16
- Index of rental prices in Canada 2002-2024, per quarter
- Rent affordability in selected metro areas in the U.S. Q1 2015 and Q1 2016
- Tenants among the population of Austria 2008-2017
- Tenants among the population of Bulgaria 2008-2017
- Annual growth of the uniform rental market in Japan FY 2013-2023
- Tenants among the population of Cyprus 2008-2017
Further Content: You might find this interesting as well
Statistics
- UK: Home Counties prime lettings index change quarterly 2013-2017
- Greater London and Great Britain: average cost of rent 2007-2016
- COVID-19: share of commercial rent collected UK 2019-2020
- Percentage change of housing and rental prices in Bergen, Norway 2012-2017
- Percentage change of housing and rental prices in Trondheim, Norway 2012-2017
- Percentage change of housing and rental prices in Stavanger, Norway 2012-2017
- Percentage change of housing and rental prices in Oslo, Norway 2012-2017
- Annual percentage change of housing and rental prices in Norway 2012-2017
- Italy: share of short-term rental dwellings 2016, by macro-region
- Average annual rent for student accommodation in the UK 2011-2015, by provider type
- Share of student accommodations that require advanced rent payments in the UK 2015/16
- Index of rental prices in Canada 2002-2024, per quarter
- Rent affordability in selected metro areas in the U.S. Q1 2015 and Q1 2016
- Tenants among the population of Austria 2008-2017
- Tenants among the population of Bulgaria 2008-2017
- Annual growth of the uniform rental market in Japan FY 2013-2023
- Tenants among the population of Cyprus 2008-2017
Knight Frank. (March 6, 2023). Forecast annual change in average residential rent prices in London from 2023 to 2027 [Graph]. In Statista. Retrieved April 29, 2024, from https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
Knight Frank. "Forecast annual change in average residential rent prices in London from 2023 to 2027." Chart. March 6, 2023. Statista. Accessed April 29, 2024. https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
Knight Frank. (2023). Forecast annual change in average residential rent prices in London from 2023 to 2027. Statista. Statista Inc.. Accessed: April 29, 2024. https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
Knight Frank. "Forecast Annual Change in Average Residential Rent Prices in London from 2023 to 2027." Statista, Statista Inc., 6 Mar 2023, https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/
Knight Frank, Forecast annual change in average residential rent prices in London from 2023 to 2027 Statista, https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/ (last visited April 29, 2024)
Forecast annual change in average residential rent prices in London from 2023 to 2027 [Graph], Knight Frank, March 6, 2023. [Online]. Available: https://www.statista.com/statistics/376622/london-uk-residential-property-market-rental-average-rents/