London's rental market will outperform its sales sector, UK estate agency Savills forecasts. “The rental outlook is strongest in regional cities that attract employees from high value sectors such as professional services, technology, and finance,” says Savills. The average price of a home in the capital is expected to rise by £4,600 over the next five years, compared with an increase of just £1,700 for the rest of Britain. However, it emphasised that the outlook is strongest for cities outside of London, which are increasingly attracting "employees from high-value sectors such as professional services, technology, and finance”.
London's rental market will outperform its sales sector, UK estate agency Savills forecasts. The average price of a home in the capital is expected to rise by £4,600 over the next five years, compared with an increase of just £1,700 for the rest of Britain. However, it emphasised that the outlook is strongest for cities outside of London, which are increasingly attracting "employees from high-value sectors such as professional services, technology, and finance”.