Forecast annual residential rental growth in London 2023-2027

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, housing affordability decreased in 2022.