Search

Renters flock to east London in search of value, latest figures reveal

PUBLISHED: 10:31 11 June 2013 | UPDATED: 10:31 11 June 2013

Renters are flocking to east London in search of lower rents, according to one of the capital’s leading estate agent firms.

The number of people looking to rent in Wapping, Limehouse and the Isle of Dogs increased by 41 per cent between the last quarter of 2012 and the first quarter of 2013.

Estate agents Cluttons put the rise down to tenants spreading their wings to try to track down value for money.

Sue Foxley, from the company, said: “Supply is now creeping ahead of demand in prime Central London and this is driving tenants to seek out rent reductions at renewal.”


If you value what this story gives you, please consider supporting the East London Advertiser. Click the link in the orange box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the East London Advertiser