High-end rentals soar in PCL as buyers hold fire

Prime central London rental values nudged up by 0.2% in January, says Knight Frank, marking an eleven-month run without a fall and taking annual growth to a three-year high of +3.4%.

New instructions down by 6% y-o-y; annual price movement now at -4.8%, compared to -5.2% in December 2016

After 44 months of on-the-trot growth, prime central London is beginning to moderate itself says Knight Frank, as prices continue to rise but exchanges, viewings and new applicant numbers fall compared…