In London, rent contracts are typically one month or 6 months rolling. When we want to look at the short term demand for housing in Central London, the rental market is more appropriate than house prices for sale.
Lets look at how rents have changed this year.
A lightweight python package that can create EC2 instance before you run your job and destroy it after you are finished running it. This allows you to save running costs since you don’t need an instance running 24/7.
Rental yields in London used to be 5.5% back in 2005-7 but have now fallen down to just 4%. Studio properties and 1 bed have higher rental yields than 2 beds. Also checkout my rental yield distribution over time visual.
Showcasing the raw data that I scraped - we can find the number of times a property has been listed and all previous sales and rental listings. In the second half of the post, I found that number of properties selling in Central London has been declining since 2014, even though the number of listings have remained constant.
There are around 40k properties in Central London (EC1, EC2, EC3, EC4, WC1 and WC2). I found that more than half the stock is 2 bed flats and the size of these 2 beds can range between 750 - 1150 sq ft (IQR).