Average London rents
What does this chart show?
The average rent for a two-bedroom private rented house in London is £1,730 compared with £820 across England. Two-bedroom homes to rent in London at the bottom quarter of the market are £1,250 a month – more than twice the average for England at £500.
The differences between the capital and the rest of the country are less pronounced for social renters. For registered social landlord (housing association) tenants, the average rent on a two-bedroom home in London at £550 is £150 higher than in England as a whole. For tenants of local authorities, London is £110 a month more expensive at £470. Social rents for two-bedroom homes are less than a third the cost of private rents in London.
* In the month up to Dec 1st, 2016 (not seasonally adjusted).
Change in average London rents
The growth in private rents over the past five years has also been considerably higher in London than the average across England, at 20% compared with 8%. The cheapest fifth of rents have increased faster than private rents overall. Social rents have also grown significantly, albeit from a considerably lower base. Rents for local authority social housing have increased 30%; housing association rents have increased 26% in London and 19% across England.
London also has much higher house prices than England as a whole. The average price for all dwellings sold in London* at the end of 2016 was £474,000, compared with the average for the whole of England of £232,000. House prices in London rose 5% compared with prices a year earlier, and 38% compared with five years earlier. London prices have risen every year apart from 2009.
Average house prices are higher in every London borough than in England as a whole, but there is huge variation across boroughs. The average house price in Kensington & Chelsea at the end of 2016 was more than £1.3 million, while in Barking & Dagenham it was £285,000.
See also
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Publication
Trust for London's response to private rented sector evictions consultation
Publication
A Roof, Not A Home - the housing experiences of Black and minoritised women survivors of gender-based violence in London
Data
Poverty over time
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New housing completions
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Income inequality and housing costs
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Overcrowding
From our Twitter
@povertylondon
This interactive table compares Poverty Child Poverty Inequality Homelessness Temporary Accommodation Evictions Affordability Unemployment Low Pay Benefits Council Tax Support GCSE attainment Infant Mortality Premature Mortality in each London borough. https://www.trustforlondon.org.uk/data/boroughs/overview-of-london-boroughs/ … pic.twitter.com/EuJJzZz4Tf
23 Aug 2018. @Hothi is explaining to our members how @PovertyLondon is changing. Many people use the raw data, but fewer have time to read the full report. Going forward, the Poverty Profile will become more intuitive and interactive for users across #CivilSociety . #BigDataDay pic.twitter.com/QVpyFP4f42
14 Oct 2019. @patrickjbutler uses our @PovertyLondon data to highlight that #TowerHamlets has the highest level of child poverty in #London (43%) as a surge of wealthy incomers are skewing deprivation figures. As a London council leader says the reality of poverty is still very much present https://twitter.com/patrickjbutler/status/1177481438985240577 …
27 Sep 2019Official figures suggest that the proportion of households in work has risen, however in-work poverty remains a growing issue. Our @PovertyLondon data shows that that there are 450,000 more Londoners in working families in poverty compared to 10 years ago http://bit.ly/2ZBVYRr
30 Aug 2019A new report says that elderly people living in the UK suffer some of the highest levels of poverty in western Europe. Our @PovertyLondon data shows that 19% of London’s pensioners live below the poverty line, higher than anywhere else in England (14%) http://bit.ly/2P6l76w
20 Aug 2019