London’s super-prime lettings market surges
Another agency is reporting a significant pick-up in top-end rental activity.
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.
Price rises are an ‘unmistakable sign of recovery’ for prime London’s property market
“We are not on the verge of the sort of dramatic double-digit bounce-back in prices,” says Tom Bill, head of UK residential research at Knight Frank.
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.
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