London rents fall to 2014 levels as a two-speed market takes hold
“The split in the rental market caused by Covid-19 has now crystallised and we are seeing the two-speed market firmly entrenched," says Gráinne Gilmore, Zoopla’s Head of Research.
Rents rise in the prime commuter belt but fall in London, as tenants ‘make real lifestyle changes as a result of Covid-19’
Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years.
Prime London rents rise at fastest rate since 2011
“It’s been an extraordinary period for the whole market in PCL,” says David Mumby, head of Prime Central London lettings at Knight Frank.
Tenants drawn to PCL as Zone 1 rents fall to lowest levels in decade
"The 'escape to the country' trend has a shelf life", reports Knight Frank, as demand for central London rental picks up.
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