Central London Rents Fall

The Olympics were great, nobody can deny that.

However it didn't exactly shine its torch in the direction of tourism or rental demand that was trumpeted.

According to Savills the games contributed to a slowing of London’s prime rentals market over the summer months. Their statistics show a small fall  in prime Central and North London rents, in part thanks to the weakening  economy and employment outlook in the financial and business services, but also thanks to the Olympian confusions of landlords with high expectations, followed by disappointment at the lack of actual demand.

With Prime London rents falling this year in contrast to the rise in property prices in the area.

For all the data go to the full Savills report here

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