Pursuits
London Luxury Home Rents Are Falling Behind Inflation in U.K.
- Rents in Prime Central London have risen 13% since 2005
- Home values in best districts have more than doubled in period
The City of London.
Photographer: Matthew Lloyd/BloombergThis article is for subscribers only.
If you think inflation’s been going nowhere, you should take a look at London luxury home rents.
The cost of leasing homes in the capital’s best central districts rose by 13 percent in the last 10 years, less than half the rate of inflation, according to broker Savills Plc. Home values in the same areas more than doubled in the period.