Rent for prime London properties up 13.5% in a year as super-rich return

Belgravia, central London, where a five-bed terraced house costs £180,979 a month.
Photograph: Richard Baker/Alamy

The super-rich are paying 13.5% more to rent luxurious central London properties than last summer, research has found, in the latest sign that overseas millionaires and billionaires are flocking back to the capital.

The estate agent Savills calculated that over the year to June 2022 the average price of “prime central London” rentals rose by that figure, the highest annual increase in more than 20 years.