Rental values fall in prime London as supply returns to ‘more normal levels’
But Knight Frank's Tom Bill warns of growing uncertainty in the lettings sector.
Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.
Rental demand will continue to outweigh supply this year in Prime London – Knight Frank
'It won’t become a tenants’ market any time soon,' writes Knight Frank's Tom Bill, as the firm's latest PCL index tells of continued double-digit rental growth.
By Tom Bill
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At the end of 2023, there were 60% more properties available to let compared with a year earlier.
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'The meteoric rental value growth seen in recent years has calmed down,' says Knight Frank.
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