Esher named most expensive place to rent outside London

London has been named as the world's most expensive city to rent a five-star hotel room, luxury serviced flat or rental apartment.

247,000 new rental households appeared in London last year alone, says CBRE, as "the emerging build-to-rent market is beginning to bear fruit."

PCL rents fell 0.7% on a quarterly basis in June, the lowest three-month decline since November 2015