The cost of renting a room in the commuter towns bordering London is rising faster than the cost of renting a room in London itself, new data shows.
Research by SpareRoom.co.uk shows that room rent costs in towns such as Luton rose by an average of 5.01% in the last year. However, in London, over the past year rents have increased by just 1.63%, compared to an 11% rise between 2014 and 2015.
In fact, rents in west London have seen a decrease of 2.5%, according to the survey.
The Spareroom study shows the priciest place to rent a room is SW7 (South Kensington & Knightsbridge) at £1,056 per month, while E6 (East Ham) is the cheapest at £508 per month.
See the essentials you need to get through this summer
Summer is finally here, but are you prepared for it? Discover the essentials from Simply Be that can help you to create a summer wardrobe thatís as hot as you are.