East London rents higher than west

20th June 2014

Rising rents in popular east London boroughs such as Hackney and Tower Hamlets have overtaken those in affluent west London areas for the first time, according to a new study.

High demand for flats and houses in the east has pushed rents in Hackney up more than 9% over the past year to an average £2,125 a month. This is higher than the average £2,105 in Wandsworth in south-west London. In Tower Hamlets an 8% increase has pushed monthly rents up to £2,208, while in Richmond they fell 3% to £2,195.
Source:   Evening Standard (18/06/2014)