Prime rental values

"What has happened to supply and demand in the prime central London lettings market and how has this affected rental values?"

"Prime residential rents grew by 2.2% across the 30 cities in the Savills World Cities Index in the first half of the year. Which cities saw the strongest rental growth?"

"Over the course of 2021, 2022 and 2023 rental values of prime residential property in London rose by an eye-watering average of 23.1%."

"In the 2023 Autumn Statement the Government announced an end to a four-year freeze in rates for Local Housing Allowance (LHA), the maximum amount people renting from a private landlord can claim in Housing Benefit or Universal Credit."

"Inflationary pressures and difficult market conditions in the prime residential markets across the globe lead to a subdued set of growth performance figures in 2023"

"Rents outpaced capital values in 2023, with 28 of the 30 cities tracked in the World Cities index experiencing positive rental growth. Rents increased by an average of 5.1% compared to the average capital value growth of 2.2% for 2023"

"Seasonality returns to London’s prime rental markets as growth dips marginally into negative territory for the first time since March 2021"

"Movements in rents of prime houses outside of London appear to be shifting back in line with pre-Covid levels as seasonality returns to the rental market"