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Monday, June 29, 2015

Knight Frank Prime Central London Index

Knight Frank's Prime Central London Rental Index for June 2015 reports a slowing market.

Annual rental value growth in prime central London slowed to 3.4%.

Knight Frank put the slow down to high levels of supply hitting the market following pre-election uncertainty. The strong supply levels have enabled tenants a better negotiating position, forcing landlords to set more realistic asking rents in some areas.

The agent shared concerns over the EU referendum impact on prime rents, as financial institutions evaluate their futures in the capital.

Prime gross yields held steady at 2.96% for the second consecutive month. Take advantage of our discounted landlord insurance rates

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