Huge rise in PCL tenancies as buyers turn to let

Prime central London rents rose for the first time in 21 months in January, according to Knight Frank. It was only a 0.2% increase, but that's still the biggest since September 2011.

The average weekly rent across Prime London increased by 1.6% (to £638 per week) in Q2, says Marsh & Parsons, but there were markedly different stories in the centre of town and the outer circle.

Number of properties let at £3k per week in Q4 was up 28% year-on-year