The average private rent in Barnet has reached £1,910 per month – up from £1,787 a year ago reports Sonja Tutty, Data Reporter
Across London, the average rent was £2,265 – rising 4% from the year before – (Credit – Radar)
Rent in Barnet rose 7% over the past year, new figures show.
Propertymark, a membership organisation for estate agents, said persistent rental inflation “points to a system struggling to meet demand”.
Provisional figures from the Office for National Statistics show the average private rent in Barnet reached £1,910 per month in the year to October – up 7% from £1,787 a year prior.
It was also up 28% from an estimated £1,488 a month five years ago.
Valuation Office Agency rent officers collect prices from a variety of sources, including landlords and letting agents, with the aim to collect data on approximately 10% of the market.
Across London, the average rent was £2,265 – rising 4% from the year before.
Kensington and Chelsea had the highest rental cost in the region at £3,633 per month, while the lowest was in Bexley at £1,514.
Nathan Emerson, chief executive of Propertymark, said: “An increase in rental prices highlights the continuing pressures faced by the private rented sector.
“While rising rents may reflect strong demand and limited supply, they also intensify the affordability challenges many tenants are already experiencing.
“Letting agents and landlords will need to navigate these conditions carefully, ensuring any increases remain fair and sustainable.
“Policymakers must recognise that persistent rental inflation points to a system struggling to meet demand and respond with measures that encourage more homes into the sector rather than driving landlords out.”
In October, the average private rent in Great Britain was £1,371 per month. This was £65, or 5%, higher than 12 months ago.
ONS head of housing market indices Aimee North said: “The rental market continues to cool, with UK annual inflation easing for the 10th consecutive month.”
The figures also show the different costs for various homes in Barnet, from £1,467 for a one-bed property to £3,138 for a home with four or more bedrooms in October.
Among the property types in the area:
- A detached housed cost £2,964 to rent per month
- A semi-detached cost £2,515 per month
- A terraced house was £2,179 per month
- And a flat or maisonette was £1,705 a month
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