City jobs rise pressures Central London rental supply

This influx of new city workers is being met with a severe shortage of supply of one and two-bed properties available to rent in popular city locations such as Shad Thames and Wapping.

Lynn Hilton, Partner for Residential Lettings at Cluttons, said: "While the revival in the employment market is continuing to impact on stock levels, the laws of supply and demand are unlikely to cause a significant rise in rents.

"As election uncertainty persists and further City job cuts still pose a threat, negotiations between tenants and landlords remain spirited as both parties feel they have the upper hand."

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