Annual property rental values fell

london-property-fallAnnual rental value growth in the prime central London residential property market relieved to 0.7% in December. Rental values fell 0.4% from November, taking the annual rate of growth to its lowest level since July 2014, according to the report from real estate firm Knight Frank. Wherein, this is the element of seasonality which gets repeated in a pattern of previous years. The report also says that demand is at the prime level of more than £5,000 a week remaining strong, as uncertainty continues to surround taxes and price growth in the higher price of the market.

Tom Bill, head of London residential research at Knight Frank says: “The demand remains strong in lower price among workers of all professions, boost up by the strength of the economic recovery.”

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