Rental stock levels plummet across prime central London

Formerly the poor neighbour of Mayfair, Knightsbridge, Belgravia and Chelsea, Marylebone has undergone a seismic transformation over the last few years.

Average prime London rents fell by 1.9% during the fourth quarter of 2012, according to the latest research from Savills, leaving annual growth at 0.5%. But it's not as simple as all that..

There's a lot going on in EA Shaw's "Patch" (the bit between the West End and the City); new masterplans and new prime property developments seem to be popping up all over the place