Over the last year, the cost of renting accommodation in London has increased by 13%, which may speak about the profitability of buying apartments in the capital of Great Britain for subsequent renting. At the same time, rural areas in the country are becoming more affordable to live in compared to 2021.
The situation in the UK real estate market continues to change. In 2020-2021, against the backdrop of coronavirus restrictions, people tended to move to the countryside and rental prices rose. Now, renting there is once again becoming cheaper than in the city. Prices have risen by just 6.6% or £67 in the past year.
In cities, rental prices continue to rise. For example, in London, the price tag has risen by 13% or £230. But this is still less than in the period from June 2021 to June 2022, when prices rose by 17.6% or £273 over the year.