– Central London rents have stabilised, with marginal falls of 1.0 per cent in Q2 2009, compared to considerable falls in the previous two quarters (-6.2 per cent and -6.1 per cent respectively).
– Annually, rents are down -14.1 per cent and have fallen -14.5 per cent from peak values.
– Some of the excess supply in the rental market is dissipating as the sales market improves.
– Landlords have become more confident following improvement in the economic outlook – they are now less willing to accept large discounts on rent.
Source: Cluttons Summer Rental Report