7 Nov

Prime central London sees rise in demand for rental properties

Prime central London sees rise in demand for rental properties

Letting agents in prime central London were kept busy in the two months up to October, according to new figures from Knight Frank’s latest rental index.

The survey shows that the number of new applicants interested in the prime central London rented accommodation market is 10.1 per cent higher than it was up to October last year.

As well as this, the number of property viewings by prospective tenants are up 9.3 per cent from this period last year. This increase in demand, when compared with Knight Frank’s market analysis, shows that the amount of new tenants moving into prime rented property in London was at its highest point ever over the two months up to October.

Although there has been a marked increase in letting activity, rents in the capital have continued to fall. October recorded a 0.5 per cent decrease for rents in prime central London. The overall decline in rents for this year is now 1.7 per cent.

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