Over the past decade, rental rates have increased by 25% in London and by 16% in its suburbs, according to Rightmove.
The company analyzed prices for a typical two-room dwelling rather than for individual units of the elite real estate. All 10 districts in which the most significant changes occurred were in London. This included more accessible places such as Dagenham and Eltham, as well as such more respectable areas as Garold Wood and Southall where the Crossrail transit line under construction pushed up rents, Mansion Global reports.
In East London, the largest increase in rental rates across the UK was recorded. For 10 years, prices for rented housing have risen by 63%. The average rental price per month has reached $2,460, compared to $1,520 in 2008.