Private rental stock has dropped by half since 2019 as landlords exit the market

“The recovery of the rental market has led to a shift in tenant profiles,” says LCP boss Andrew Weir, “as older tenants return to the office and outcompete young professionals and students.“

London Central Portfolio saw an 11% jump in agreed rents on new tenancies in Q4 2021, "correcting the deep discounts that were granted during the same period in 2020".

Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital.