Prime London rental growth slows as stock levels hit four-year high

Available stock levels were down by nearly 20% at the end of last month, compared with a year earlier.

Annual change of 1.1% was recorded in PCL in September, the first time the figure has been below 2% since mid-2021.

LonRes recorded an annual decrease of 2.5% in lets agreed and a 5.1% fall in new instructions last month - while rental growth slipped to 0.4%.