The End of the Year is Nigh: No change for prime London rents in November

It's been a year of two halves in the PCL lettings market, says Lucy Morton, with the supply and demand pendulum swinging towards supply in the latter half of the year.

 Average rents in prime London have dropped over the last year, but there is scant uniformity across different boroughs. Savills report that Islington and Hampstead have dropped by 4.

A sluggish global economy kept a lid on prime rents around the world last year, but New York and London should see values rise in 2015, according to Knight Frank's latest check.