Rents in prime central London have risen by 27% since the lows of June 2009, but will start to soften during the next few months, says Knight Frank.
Knight Frank’s latest Prime Central London Rental Index shows rents have risen by 0.9% in the three months to September, and are now at a record high.
Liam Bailey, head of residential research at Knight Frank, said: “The strength of London’s prime rental sector over the past 18 months, with rapid rental growth and growing demand requirements, can be attributed to central London’s economic revival since 2009.”
However, Bailey expects to see the sharp increases steady in the last few months of the year, with supply set to be boosted by a revival in new-builds in central London.
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