Luxury-home rents in central London rose twice as fast as purchase prices last month as a decline in the number of available properties fueled competition, Knight Frank LLP said.
The cost of leasing a house or apartment in the city’s most expensive neighborhoods climbed 16.3 percent from a year earlier, while sales prices rose 8.3 percent, the property broker said in separate reports today. This year, rents may increase by 5 percent to 10 percent, Knight Frank said……………………………………….Full Article: Source