Fall in rents in London's prime property market continues, but is more modest
Average Rents in Prime Central London Property Market Fell 2.1% in the year to February, however it is an-improvement on the 5.1% decline recorded last year. But February also marked two years of annual rental value declines, showing the process is happening slowly.
Many landlords are deciding to sell meaning less rental properties are coming onto the market compared with previous years. The data also shows there was weaker growth in demand for properties prices over £1000.00 PW, but higher demand for properties under £1000.00 PW.
For more information on the ’FALL in Rents In London’s Prime Location Prime Property Market Countries See this article from Property Wire