Landlords' insurance holders may want to know that London offices have become an "attractive prospect" for the rental market, one expert has claimed.

Oliver Gilmartin, senior economist at the Royal Institution of Chartered Surveyors, stated the relative weakness of the pound had seen real estate bounce back earlier in the UK than in eurozone countries.

He added: "The recovery in rents could be quicker, but it is dependent on how the global economy recovers and how strong that global recovery is."

And Mr Gilmartin noted that there had been a cut-off in terms of development in the City recently, with expectations lowered as the grade A properties were not coming on to the market.

His comments follow research by Knight Frank, which noted that the City's prime rents were due to increase by 19 per cent in 2010 to £52.50 per sq ft - up from £44 per sq ft the previous year - and by 52 per cent over the next five years.

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