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.
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@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 2018London’s Poverty Profile has borough by borough data about social issues in the capital. Want to know the rate of low pay in Hackney? The level of council tax support given in Enfield? The level of pay inequality in Brent? Find out here: https://www.trustforlondon.org.uk/data/
13 Dec 201828% of Year 6 students in Newham are obese. This is one of the highest rates in London. pic.twitter.com/Vvpuhd58JO
13 Dec 2018The benefit cap affected 15,300 households in London in 2017. The largest single groups affected where families losing up to £25 per week and between £25 and £50 per week. pic.twitter.com/zmF6X3bk1x
12 Dec 2018The unemployment ratio in Newham is 5.8%. This is 0.9% higher than the London average, but Newham had the largest fall in the unemployment ratio of all London boroughs between 2011/13 and 2014/16 at nearly 4%. pic.twitter.com/gIKPr5QqyK
12 Dec 2018