London is one of the most iconic capitals in the world. It is hard to find a person who wouldn’t hear about its landmarks — Buckingham Palace, Big Ben, or Tower Bridge. London is a cultural center and a global economic hub. This city is old, new, imperial, and democratic at the same time. Don’t wait up — London is calling.
As Samuel Johnson once said, “By seeing London, I have seen as much of life as the world can show.” Nothing has changed over the past few centuries — this is one of the oldest and most cosmopolitan cities worldwide. Here you can find the most exclusive boutiques and shiny skyscrapers, as well as traditional pubs, medieval castles, and Victorian bridges. This attracts people from all over the world — London is the third most visited city worldwide in terms of international arrivals. It is the largest financial center with headquarters of major world corporations, most of which have offices in the renowned City. It is also the investment center with the sixth-highest concentration of ultra-high-net-worth individuals. In addition to this, London hosts hundreds of international conferences and summits annually. London has a superb infrastructure with one of the world’s largest and busiest airports and the oldest underground railroad system.
London has the largest GDP per capita among all European cities and accounts for over 20% of the country’s GDP. What’s more, the GDP of this metropolitan area itself is larger than the GDP of Sweden or Austria. When it comes to real estate, London found itself on the list of the top five most expensive residential property markets worldwide, so any renter should be prepared for that searching for an apartment in London. The capital of the UK is a key financial center, alongside megacities such as Singapore, Tokyo, Hong Kong, New York, and Moscow. London has five large financial districts, with the most prominent being the City. It is home to a myriad of hedge funds, private equity firms, most international banks, and exchanges. The Canary Wharf, Southwark, and East London Tech City are major hubs for start-up technology companies and pride themselves on being a European Silicon Valley.
London has countless galleries, museums, and art institutions. Many of them have free admissions and serve as primary tourist destinations. One of the most notorious museums is the British Museum, located in Bloomsbury. It contains 7 million artifacts from around the globe, featuring antiquities, natural history specimens, and much more. Another place worth visiting is Albertopolis — a whole quarter packed with scientific and cultural establishments. This area is home to three legendary museums: Victoria and Albert Museum (collection of applied arts), the Science Museum, and the Natural History Museum. Moreover, London has a vibrant music scene. The city hosts music industry giants, such as Warner Music Group, Universal Music Group, and thousands of niche studios, recording companies, bands, and musicians. London features countless venues for rock and pop concerts as well as two major opera houses and four conservatories.
London is a melting pot that competes in a diversity of its inhabitants with such international cities as New York and Los Angeles. According to the 2011 census, 3 million people, or 37% of London’s population, are foreign-born. This number of residents also makes London the third most populous city in Europe. London has the largest community of Indians, Nigerians, and Pakistanis in the UK. Also, it has the largest community of Lithuanians outside Lithuania.
|Rent Price||Apr||vs Last Month|
|1 bed rentals||£1,717||-8.5%|
|2 bed rentals||£2,645||-7.6%|
|3 bed rentals||£3,677||-3.2%|
|4+ bed rentals||£6,559||+28.1%|
Over the Apr 2022, the average rent for an apartment in/near London, UK increased by 2% to £3,077.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at £1,717 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you £2,645. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for £3,677. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around £6,559 for a big-family home.
|Rent Type Price||Apr||vs Last Month|
Looking at the median rent price for an apartment in London, UK, you can note that it remains flat with a price tag of £3,152. The median rent for a house is still £3,497 with no significant changes this month. Condo for rent is now available for the same pricing as previously — £1,373. The median rent for a loft did not face significant changes this time, it now still goes for £1,404. If you’re looking for a room, the price tag still starts at £849. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at £4,716.
London has the lavish inventory of properties. Here you can find new build apartments, old Victorian mansions, unfurnished properties, and serviced apartments. Finding a flat or an apartment for rent in London is not an easy task. Thousands of newcomers are arriving in London every day. It is pretty hard to find an apartment for a short stay or vacation rental. Finding long-term apartments is an even more difficult story. Potential renter has to go through a rigorous screening process and get approved by the landlord or property management. However, Rentberry is making this process much easier, with our fully automated platform. Search for thousands of rental properties: lofts, houses, townhomes, cheap rental as well as luxury options.
Ready to explore one of the most iconic neighborhoods in London? Chelsea is home to the astonishing Georgian and Victorian eras buildings that go hand in hand with more recent development.
Searching for a cheaper place to live in the East End? Check out Poplar, a residential district close to Canary Wharf. Quiet and modest neighborhood, it recently began gaining popularity among young professionals and students.
Welcome to Marylebone, a stunning area in the heart of London. Here you can enjoy the feeling of the countryside, although with many perks available only in large cities. Luscious parks, cute shops, and a plethora of restaurants, bars, and cafes — all this is Marylebone.