‘2022 will be remembered as a boom year for residential landlords’ – LCP
Newly-agreed rental prices in prime London jumped 19% in 2022, says a specialist buy-to-let buying agency, while renewal prices surged 7.4% in Q4.
PCL property prices have fallen by 4.3% this year; rents by 11.9%
Prime Outer London has seen less significant price drops than central areas, reports Knight Frank.
Private rental stock has dropped by half since 2019 as landlords exit the market
Estate agency branches had an average of 15.6 properties available to rent in March this year, says Propertymark, down from 30.4 in March 2019.
London’s lettings market cools, but average rents are still 20% higher than last year
Average rental prices in the capital fell by 3% last month, says Foxtons, in line with a normal seasonal slowdown.
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