London Luxury Rents Rise as Gulf Demand Adds to Supply Crunch

Rents in London’s most expensive neighborhoods rose in March as short-term demand from families relocating from the Middle East added to the impact of impending regulations weighing on supply.

The number of new rental listings in the first quarter in London’s prime central and outer districts was 8% lower than a year earlier, according to Rightmove data compiled by property broker Knight Frank. At the same time the number of new prospective tenants increased by 7%.