Prime London rents show ‘early signs of bottoming out’
Rental values in the capital's prime resi markets have fallen by an average of 9.6% since the Brexit Referendum in 2016 - but the pace of declines slowed in 2018, and Savills is predicting a new phase of positive rental growth for London and its prime commuter belt.
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"There has never been a busier lettings market at any time over the last 20 years," says Knight Frank's head of prime lettings, David Mumby.
Prime London rents rise for ninth consecutive quarter
Shortage of stock continuing to support values, reports LonRes
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“The see-saw of high supply and low demand is tipping back the other way,” says Knight Frank. “Demand is coming from multiple sources and rental values are getting stronger as a result.”
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