Prime London markets set for 25% fewer new tenancies this year, but rental values are unlikely to change

Demand for expensive rental homes in London has escalated this year, but supply is tightening - meaning some super-prime lets are being agreed in double-quick time as tenants look to beat the competition…

"It still feels like it’s more of a tenants market" in prime London, says Knight Frank's Head of Lettings, "but we are going into the busiest period of the year and I would expect supply to come down."

Demand for rental properties in London has increased by 13% compared to last year, reports Foxtons, while supply has fallen by 16%