Stock drought fuels rent inflation outside London

There's "a growing trend of people wanting to move back to urban hubs," says Rightmove, as the portal reports "a significant shift in search behaviour", with more tenants looking to rent in London Zones…

“It’s been an extraordinary period for the whole market in PCL,” says David Mumby, head of Prime Central London lettings at Knight Frank.

Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years.