London asking rents driven up by poor supply
The figures come from Rightmove… a 5.3% annual rise in 2018, the largest since 2016, and driven by a 22% fall in available stock. Accompanying comment points to a combination of factors including a slump from high supply after investors rushed to beat new stamp duty charges a couple of years ago, and landlords getting out of the business in the wake of new tax legislation. London forecast for 2019? A rise of 4%.