Rental prices dipped in Canary Wharf in April according to new figures.

Property app Movebubble said in January people were paying £2,438 on average for a two-bedroom property but last month this decreased to £2,422, a saving of £16.

The extra cash may come in handy as Canary Wharf has also been revealed as the best place in London to snag a date.

Stratford, London Bridge, Waterloo and Euston also made it into the top 10 based on data from dating app Happn .

The news came as part of a report by Movebubble, which concluded London’s inefficient renting process was costing its economy more than £400million a year.

The study found businesses in the capital were bearing the brunt of employees spending time during working hours searching for a new place to rent and even attending viewings.

Its research found renters in London spent an average of 17 days searching for a new rental property, moving address every 22 months.

While hunting out a home they make an average of three 10-minute calls to estate agents during working hours and spend more than two hours browsing properties at their desks.

Movebubble CEO Aidan Rushby said: “The London population is extremely time-poor and we recognise that they need a more seamless, helpful solution when looking for a home – without urgent action the capital’s workforce will continue to suffer as a result.”

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