Tenants push back on rent increases as supply builds in prime London

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Knight Frank's Tom Bill explores the latest movements in the prime London lettings arena, flagging increased rental supply and 'early signs that more landlords are considering a sale' ahead of the General Election.

Written by

Tom Bill

Head of UK Residential Research at Knight Frank

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.

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But Knight Frank's Tom Bill warns of growing uncertainty in the lettings sector.
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“We are starting to see a noticeable shift in stock from the sales markets to the lettings market as owners are not able to sell for the asking price,” says Knight Frank.
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'The story of low supply in the prime London lettings market appears to be coming to an end,' says Knight Frank's research head.