Marylebone now a ‘top three’ location as rental values surge

Formerly the poor neighbour of Mayfair, Knightsbridge, Belgravia and Chelsea, Marylebone has undergone a seismic transformation over the last few years.

As stamp duty reforms, tighter lenders and a rising pound put the kibosh on major growth in the sales market, rental values look to have been surging across pretty much every postcode in town.

Average prime London rents fell by 1.9% during the fourth quarter of 2012, according to the latest research from Savills, leaving annual growth at 0.5%. But it's not as simple as all that...