London rents are set to rise 15% by 2023

As the uncertainty of Brexit settles in, experts consider that the massive changes in the British economy will lead to higher rents, particularly in London. It has also been predicted that the rents will increase by 11.5% outside of London as there is an increase for rentals in lieu of purchasing a property. In the capital, a one bed room flat in a popular neighbourhood such as Brixton or Bethnal Green could cost tenants over £2,000 extra per year in the near future. Meanwhile, Mayor Sadiq Khan has expressed a desire to impose rent controls in order to make the city more affordable for renters.

 

Read more on HouseBeautiful