Prime property lettings market in London has been resilient in 2018

The prime property lettings market in London has been resilient in 2018 despite the uncertain political and economic background due to Brexit, according to the latest rental index report. In prime central London rents increased by 1.1% in 2018 year on year but fell by 0.6% quarter on quarter, the data from the Knight Frank report shows.In outer London rents were down 0.2% on an annual basis and down by 0.7% quarter on quarter, the data also shows. Average gross yields in prime central London increased over the course of 2018, reaching 3.5% in December, the highest since April 2012.