Summary

■ Rental growth across prime London has been restricted by the level of new stock being brought to the rental market by investment buyers of both existing and newly developed properties.

■ Over the next five years we expect the strengthening London economy and expansion of sectors such as technology and telecommunications to underpin demand for prime rental property.

■ The changes to the tax relief on buy-to-let mortgages announced in the July 2015 Budget may lead to mortgaged investors looking for higher yielding sectors of the market and the lower yielding prime sectors being dominated by equity rich investors.