Reversal of fortunes for PCL rental market as values rise again

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...

"The dominant mood in the prime central London lettings market in February was one of caution," says Knight Frank, despite rental price growth hitting a three-year high in February. Rents rise by 0.

Less than a week after releasing its predictions for the next five years (+24% UK-wide if you missed it), Knight Frank has been updating us on last month's activity in the UK, prime and rental markets.