Rise of the super-rich renters

24th July 2015

The Independent looks at how the fears over the general election and a higher stamp duty bill have triggered the rise of the super-rich renter, prepared to fork out £20,000 per month for a luxury London home. It says that one leading estate agent a 182% surge in the numbers of applicants willing to pay £5,000 a week for luxury rentals in the three months to June 30. The paper says that Canary Wharf, Bishops Avenue, and Mayfair are all locations favoured by super-rich renters, noting that at the moment one Canary Wharf penthouse is up for rent at £20,584 a month.

The Independent