Prime Property Rents In Central London Are Becoming More Affordable

Rent prices in prime property areas in London are falling, with the highest cuts in rents occurring in Riverside, Hyde Park, Marylebone and Notting Hill – all down by over 8 percent – with Islington down by 4.2 percent, and St John’s wood down by 3.3 percent.

The fall is accompanied by a sharp increase in the number of lettings agreed in the three month’s leading up to November – up 23.2 percent on the same period last year.

To read more about the rental trends in the capital, see the Property Wire article here.

- Ken