London rents just smashed a new record at £2,791 a month, pushing tenants toward a European-style rental lifestyle — but with fewer bidding wars and tighter supply, the market’s shifting fast. Despite soaring costs, people stay put thanks to work proximity and office returns. Smaller landlords are selling up, shrinking rentals further, while new laws like the Renters’ Rights Bill have cooled price spikes by ending no-fault evictions. You’re paying top dollar for a compact flat — no garden, no luxury — but London’s housing game is changing fast.
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