Rents across prime central London have been roughly flat over the past year - although yields are up as a result of the continuing fall in capital values in the area.
New data from Knight Frank shows that in prime central London rents fell by a mere 0.2 per cent over the past 12 months and on a quarterly basis they increased by 0.5 per cent. Meanwhile in prime outer London rents were flat year on year and rose slightly by 0.2 per cent in the past three months.
The agency says the number of new prospective tenants increased by 22 per cent in the year to July across both prime central and prime outer London, led by increases in demand for homes costing up to £1,000 a week in the north of the capital and in the City.
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