Hot 100 2018 - Top boroughs for renters

 

Across London, demand for homes in the private rental sector is growing and consequently we are seeing an increase in build to rent development. Brent is London’s largest build to rent hotspot with 2,515 units currently under construction, and with 725 units already completed. However, Newham takes the top spot for the highest completions with a total of 2,794 build to rent units completed overall. Bexley is the most affordable rental borough with an average monthly two-bedroom rent of just £1,087 per calendar month (pcm). All of the top ten most affordable boroughs have an average monthly rent under £1,350 pcm, which compares favourably to the London average of £2,110 pcm.

Table 1: Share of private renters
Rank Borough %
1 City of London 43
2 Westminster 42
3 Newham 38
3= Tower Hamlets 38
3= Kensington and Chelsea 38
6 Camden 35
7 Haringey 34
7= Wandsworth 34
7= Hammersmith and Fulham 34
7= Brent 34

 

Table 2: Highest level of Build to Rent construction
Rank Borough Units
1 Brent 2,515
2 Tower Hamlets 1,396
3 Croydon 998
4 Hounslow 873
5 Southwark 723
6 Newham 644
7 Ealing 607
8 Hammersmith and Fulham 520
9 Barnet 358
10 Waltham Forest 355

 

Table 3: Lowest average monthly rent for a two bedroom home
Rank Borough £pcm
1 Bexley 1,087
2 Havering 1,139
3 Sutton 1,160
4 Barking and Dagenham 1,192
5 Bromley 1,278
6 Croydon 1,286
7 Epping Forest 1,313
8 Enfield 1,324
8= Redbridge 1,324
10 Hillingdon 1,332

 

Table 4: Highest total Build to Rent completions
Rank Borough Units
1 Newham 2,974
2 Croydon 1,583
3 Lewisham 1,050
4 Tower Hamlets 1,040
5 Southwark 853
6 Brent 725
7 Harrow 621
8 Hackney 556
9 Barnet 551
10 Ealing 534

 

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