Prime central London rents drop as tenancies slide by 12%

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.

If proof was needed after the recent chorus of voices calling the top of the market, Knight Frank has reported a 'softening' in demand across prime central London last month.

Rents in global prime cities have dropped a touch, says Knight Frank, although the rate of decline is slowing in the world's key financial centres...