A firm which specialises in high-end lettings in prime central London has said rental yields were down 10.4 percent in 2020, when compared with the six-year rolling average.

This was a result of reduced demand from overseas tenants unable to enter the UK, an increase in available stock coming across from the short-term let market, and a resultant “renter’s market”, London Central Portfolio (LCP) said in its latest market update.

While the average square foot rental ...