The UK property rental market is suffering from a supply-demand imbalance due to a variety of factors, including limited housing supply, economic factors, changes in lifestyle and living patterns, changes in government policies, and rising mortgage rates. This has led to an increase in rental prices, making it more challenging for renters to find affordable accommodation.
Let’s take a look at how rental property markets are faring in London, Amsterdam and Paris.
Despite a small dip in month-on-month values, London rents are still on the rise – and have increased by 13% from February 2022 to February 2023. Amsterdam and Paris continue to struggle with property supply and regulations around the private rental market.
The rental markets in London, Amsterdam, and Paris opened in 2023 with a mixed perspective. Prices in London and Paris rose, while rents in Amsterdam fell for the second consecutive month. New and pending legislation on the continent is expected to have an impact on an already limited supply of properties.
Rents continue to climb in the English capital. In a report on unaffordability in London’s lettings market, The Guardian quoted statistics from agent Savills. It said in the first nine months of 2022, rent price rises broke records by increasing 13.7%. It cited the return of international students and young professionals to London as key factors, but also highlighted a reoccurring lack of rental properties as something that continues to underpin sustained rental growth.
London, Amsterdam, and Paris have had a popularity boost in the form of results from a new survey. A report set out to discover the top 10 most accessible global cities, with 3,500 people with disabilities having their say.
When it came to transport links, proximity of accommodation to attractions, shops, and restaurants, and the availability of information about accessibility, London, Amsterdam, and Paris all made the top 10.
Another month and another common theme – crucial figures are on the rise. Inflation, bank rates and mortgages rates are edging up across Europe and in the UK, while the value of the Pound continues to be affected by a recent change in political leadership. We complete October, however, with a period of stabilisation that has allowed many rents across London, Amsterdam and Paris to gradually edge up.
Geri’s approach to working within the global mobility industry is one characterised by an innate desire and ability to get the job done accurately and efficiently. Her unfathomable knowledge and experience are coupled with a warm and completely transparent personality that delights both our clients and the assignees to the point where they request Geri to handle their cases.
September is a month that will be remembered for currency turmoil, with a weakening euro, a catastrophic pound, and rates – both interest and mortgage – affecting finances. As a result, rents are getting cheaper for some and more expensive for others, depending on which currency you are using. Klippa takes an overview of the lettings landscape in London, Amsterdam, and Paris.
We are delighted to announce that Klippa Relocation has been shortlisted in two categories for this year’s EMEA EMMAs: Destination Services Provider of the Year, and Global Mobility Professional of the Year – Geri Sampson.
I work as a tenancy consultant with the admin team, handling deal progression and negotiation; everything that happens between a client finding a new home and moving into it, and sometimes beyond!
A new survey of 20,000 city dwellers caught our eye, with the responses resulting in Time Out’s 2022 World’s Best Cities Index. Read on to discover how London, Amsterdam and Paris ranked, along with Klippa Relocation’s snapshot of each city’s rental market, with news and ‘per month’ rental values.
Expats around the world are already starting to experience the worst cost-of-living crisis in a generation, with budgets squeezed by tax rises and everyday purchases going up in price. The biggest change for most expats has been the increase in the energy cap on April 1, but many other price rises will add hundreds of pounds to an expat’s household spending too. The net result of rising inflation could leave thousands of expats worse off this year.
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