In the first six months of 2007, Knight Frank’s Notting Hill office has seen an average increase of 16.2% in rental prices.

A three bed flat let last year on Hereford Road at £725 per week has just re-let at £900 per week, this shows a 24% increase in price over one year.
Sophie Woolfenden of Knight Frank said: “Notting Hills rental market is busier than ever, and there is a lot of competition for the right property. Our market is currently being driven by tenants’ desire for good quality and outside space.”

In Hampstead there is a similar story happening. In 2006 a property on Mount View let from £1,400 per week whereas this year it has achieved £1,950 per week. Houses continue to be the main driver of rental growth in these markets as families seek to relocate with minimum disruption to the school calendar.