New York & London prime rents tipped to outperform in 2015

 Average rents in prime London have dropped over the last year, but there is scant uniformity across different boroughs. Savills report that Islington and Hampstead have dropped by 4.

Following a rather topsy-turvy few years, rents in prime central London will accelerate in just the one direction - up - over the next few years, from a 1% rise this year to +5% in 2015 and +3.

Despite a 23.2% year-on-year increase in applicant numbers in the three months to January, rents in prime central London fell 0.