Londoners 'Leaving City To Find Cheaper Rents'

James Drury
By James Drury Last edited 72 months ago

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Londoners 'Leaving City To Find Cheaper Rents'

Londoners are moving out of the city to outlying counties in an effort to escape high rents, new figures suggest.

The cost of renting a property in south east England has shot up 14.9% in the last 12 months, to an average of £924 per month, according to Your Move statistics.

"Londoners are moving further afield in an attempt to escape high rents in the capital," says Your Move director Adrian Gill.

Although in the capital the cost of renting is 0.7% down year-on-year, London still has the highest average rents (£1,273 per month), well ahead of the south east and east of England (£857 per month).

Across the UK, rents have risen 5.2% in the last 12 months, the Buy to Let Index figures show.

Last Updated 08 September 2016