What is current rental inflation rate in north London?
Asked on Apr 30 2013,
Renting in London |
There is no fixed inflation rate for rents- it is really dictated by local market activity. In general rental values in London are levelling out having climbed aggressively the last 4 years. If you are negotiating a renewal tenancy at a property you are already living at you should usually pay less than if the property was re-let on the open market. This is a small reward for a Tenant that an agent/Landlord knows and the fact there will be no void period.
When dealing with corporate lets (tenancies to companies) where there is usually a clause setting renewal rates for the next 1-3 years, rents are usuall stated as being: 'between 3-8% in line with RPI'. RPI is the Retail Price Index and can be easily found online. Hope this helps....
Web reference: http://www.ons.gov.uk/ons/taxonomy/index.html?nscl=Retail...
Answered on May 15 2013,
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