Prime central London rental values up for eighth month in a row

Prime central London rental values up for eighth month in a row

Rental values in prime central London rose for the eighth successive month in October, recovering to a level last seen two years ago, the latest index report shows.

Rental values climbed 0.5% in October as the UK economic recovery strengthened and yields saw the strongest improvement in three years […].

Annual growth was 2.6%, the highest rate since December 2011 and in the third quarter of 2014 tenancies agreed rose by a quarter while tenancies started increased by a third.

Rental yields rose to 2.9%, recording the biggest monthly gain in more than three years, the report also reveals […]. LINK