‘Significant slowdown’ expected for prime London rents next year
Escalating costs of living and inflationary pressure are likely to slow the pace of prime rental price growth down in the coming months, says Savills - but the firm has still upgraded its five-year price forecasts, as LonRes data tells of drastic slump in activity driven by low supply.
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Prime Central London rents set to rise 10% this year, predicts Strutt & Parker
Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London's lettings market as tenant demand outpaces rental supply.
Prime London rents see first double-digit annual increase in over a decade
Average rental values in prime London have surged by 11.1% in the last year, reports Savills, pushing both houses and flats above pre-pandemic levels.
Prime London buyer demand is running 72% above the five-year average, while property supply is 12% down
Prime London Market Snapshot: Knight Frank's latest indices tell of a significant mismatch between property supply and demand in both the sales and rental markets.
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