The average rental yield achieved in prime central London in December was 3.35% - the highest level seen since April 2012 as a result of rising rents and downwards pressure on prices, said Knight Frank, in its latest monthly report.
The property firm reports that letting activity across prime London markets has been resilient despite the current uncertain political backdrop, with the number of new tenancies in November increasing by 12.3% in comparison to the corresponding period last year.
Knight Frank reports that average rental values in prime central London increased by an average of 1.1% in December in response to falling levels of supply, prompted by landlords seeking to sell their properties in response to recent tax reforms.
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