London’s lopsided rental market has led rents in high-end areas like Kensington and Belgravia to surge by nearly 30 percent in the past year, new figures show.
Rental values in prime central London saw a 29.9 per cent annual rise in April, according to the Prime London Lettings Report by estate agent Knight Frank. Prime central London includes areas such as Chelsea, Knightsbridge, Hyde Park and Mayfair, which fall in the London boroughs of Kensington & Chelsea and Westminster — where an apartment costs an average monthly rent of £3,960 and £3,870 respectively, according to recent data from Hamptons.
