The number of vacant shops in central London has fallen since last summer, despite the downturn in the retail trade that has hit high streets across the rest of the country. Vacancies across the UK are spiralling as more retailers go bust, but London is showing surprising resilience owing to overseas visitors exploiting the weakness of the pound.

The number of vacant units in the central London retail market has fallen by a quarter in six months, according to Colliers CRE, the property consultancy, to 6% at the end of January. The number of empty shops round the country was 14.2% in October, when Colliers last undertook a survey.

Financial Times