Rents in prime central London up 1.1% in year to March 2019

Average rental values in prime central London continued to rise on an annual basis in early 2019 as a result of declining levels of supply, according to the latest residential real estate analysis. The increase was 1.1% in the year to March while in prime outer London average rents were flat following two years of declines, the latest review report from real estate firm Knight Frank shows. It also shows that the number of letting listings in prime central London declined by 6.3%, however, this was the most modest decline experienced in over 18 months and is a reflection of a growing number of landlords re-listing their properties on the market after attempting a sale.