The rents in Prime Central London rose by an average 3.1% over the first quarter of 2010, says the latest residential market report from estate agent Cluttons.

5-plus bedroom houses were seeing the highest uplift in rents at 7%. 4 bedroom houses also performed above average with an uplift in rents of 5.8%. 2 bedroom flats and cottages had the smallest increase in rental values in the three months to March 2010 (1.9% and 1.7% respectively). Central West London recorded the highest increase in rental values this quarter at 5.6%, followed by Central North West which recorded an increase of 3.2%.

The report also predicts that the growth in prices will not lead to a sharp uplift over the course of the year as the election time in May will probably bring slowdown in the sales market. That means there is some potential uplift in rental stock during this period.

Download Clutton’s London View – Spring 2010.

This entry was posted on Monday, April 12th, 2010 at 1:08 pm and is filed under Rent. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.