Average monthly rent outside London has hit a record high of £1,316, up 7% from a year ago. The study by Rightmove reveals a growing rental crisis, with demand outpacing supply and pushing prices significantly higher than pre-pandemic levels. The report comes just days before the General Election, with experts calling for government intervention to address the housing shortage and stabilize rents.
Bollywood actress Malaika Arora has rented her apartment in Pali Hill, Bandra West, to costume designer Kashish Hans for a monthly rent of ₹1.57 lakh crore for a period of three years. The rent will increase by 5% annually, and the tenant will pay a security deposit of ₹4.5 lakh. This is the second time Malaika has rented out this property, having previously rented it to Jeffrey Goldenberg for ₹1.2 lakh per month. In 2022, Malaika’s boyfriend, Arjun Kapoor, sold an apartment in the same building for ₹16 crore.
The cost of renting in London has skyrocketed, with only six postcodes remaining where tenants can find a room for under £800 per month. These affordable areas are located further out from the city center, as renters seek cheaper options to cope with rising living expenses. Despite the lower rents, potential tenants should also consider the higher council tax rates in some of these postcodes.
Amidst London’s rising housing costs, Crystal Palace in South East London has emerged as a hotspot for affordable housing, attracting tenants seeking alternatives to expensive central areas. The average monthly rent in Crystal Palace is £833, significantly lower than popular areas like Clapham (£1,072). Additionally, improved connectivity through the Elizabeth Line and the area’s abundance of green spaces, including Crystal Palace Park, make it an appealing destination. Despite its affordability and amenities, some residents prefer to keep Crystal Palace’s charm a secret, highlighting its vintage shops, markets, and vibrant foodie scene.
Renting a place in a major city can be an expensive endeavor. According to financial experts, it’s recommended to spend no more than 30% of your pre-tax income on rent. The Global Property Guide has compiled a list of median rental prices for 1-bedroom apartments in the most expensive areas of several major Asian cities. The prices range from $481 to $25,802 per month. Despite a downturn in the housing market in Asia amidst economic weakness and inflation, cities like Taipei and Singapore remain resilient with rising housing prices. The report suggests that the global housing market is stabilizing as inflationary pressures ease and central banks pause rate hikes.
Tony Award-winning Broadway star Idina Menzel is set to embark on a highly anticipated North American tour this summer. Starting July 19 in Seattle, the tour will feature over 20 stops, including performances in Los Angeles, Dallas, Chicago, and New York. Menzel’s dynamic setlist will include signature songs from her illustrious stage career, such as ‘Wicked’ and ‘Rent,’ along with selections from her latest album, ‘Drama Queen.’ The tour follows Menzel’s recent acclaimed performance in the new musical production ‘Redwood’ at the La Jolla Playhouse in California.
Idina Menzel, the Tony Award-winning Broadway star known for her iconic roles in ‘Rent’ and ‘Wicked,’ is hitting the road for her first tour in nearly eight years. Titled ‘Take Me or Leave Me,’ after the beloved song from ‘Rent,’ the tour will kick off on July 19 in Seattle, Washington, and stretch throughout the summer, wrapping up on August 18 in Greensboro, North Carolina. Menzel will showcase a career-spanning setlist of hits from her own albums, jazz standards, and musicals, including ‘Wicked,’ ‘Rent,’ and ‘Frozen.’ Tickets for the tour go on sale on April 24 for artist presales and April 26 for general on-sale.
