London also has a supply constrained by wealthy buyers of second and third homes for investment purposes. There are a lot of central residential areas without m

London also has a supply constrained by wealthy buyers of second and third homes for investment purposes. There are a lot of central residential areas without many people actually living in them and a lot of prime land taken up by spacious luxury residences. If council tax were unfrozen and allowed to go up this effect would be mitigated and rents might actually go down.