While prime London rents have struggled, and are 3.2% lower over the past year, demand from investors as well as occupiers has ensured that capital values for the city’s best stock have been pushed higher.
Average prices for prime property in London have risen by 57% since March 2009, with a 7.7% increase in the 12 months to April this year (figure 1). London’s price growth compares favourably with other leading global cities such as New York and Singapore, which have seen -26% and 45% price growth respectively over the four years since March 2009.
Source : Knight Frank