Abode Intelligence

Asking rents are rising quickest in the North West, with average rents +10% higher than a year ago, and slowest in London, where average rents are now +2% higher than this time last year.

While prices there have risen significantly over the past three years, they remain more competitive than in other cities, appealing to buyers from Nicosia and Limassol seeking better value.

Since 2023, no other city has attracted more ultra-wealthy migrants in succession – a signal not only of Dubai’s lifestyle appeal but also its financial and regulatory advantage.

Unofficial workings suggest a 2% levy on assets over £10mn, as suggested by Lord Kinnock, could raise £11bn.

While the broader housing market is starting to bounce back, Prime Central London has faced its own distinct set of challenges.