News stories about London's young workforce leaving the city for cheaper rentals in the counties have been numerous this year. So it's interesting to see how those commuter-belt rents measure up.
Dexters note that property in Essex, Milton Keynes and Kent offers little change out of £1000 a month to rent. In comparison, we've recently brought a collection of new build studio apartments in Hounslow to market, complete with communal games room, lounge and 24 hour concierge at £897 per calendar month, including bills. Hounslow Central Tube is just down the road, with the Piccadilly line taking you to central London in under half an hour.
Meanwhile, if you're looking to share with friends, a newly refurbished three bedroom, three bathroom flat in Acton comes in at £783 per tenant per calendar month. Acton is an unsung part of London worth exploring, with no less than four tube stations covering the Piccadilly, District and Central lines into the middle of the city. The neighbourhood also features cafés, restaurants and Gunnersbury Park, a popular venue.
Outside of London, the pace slowed to 1.56 per cent, with average rents reaching £756. Within the capital, especially central London, the rents have now been falling for over a year, by -1.05 per cent over the past 12 months.