Renting in London: where to find reduced homes to rent in central London neighbourhoods — if you’re quick
14 April 2021
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As lockdown restrictions ease and restaurant terraces and pub gardens start to welcome drinkers and diners, some renters have the chance to trade up to the luxury neighbourhoods of central London, usually the preserve of the elite.
This window of opportunity comes after rents in the capital’s most exclusive areas have fallen 17.8 per cent over the course of the pandemic.
The exodus of tenants from the capital during the early phase of the coronavirus outbreak has created a gaping supply-demand imbalance, according to a study by LonRes, forcing landlords to accept low offers.
In fact, 36 per cent of homes listed on Rightmove this month have had a rent reduction, compared with 20 per cent a year ago — with the biggest discounts in Zone 1.