Lettings

There was a spike in news sales instructions across London's prime postcodes last week, but agreed sales remained thin on the ground.

'Market conditions for renters are the best they have been for six years,' says property portal.

The buy-to-let boom that began in the late 1990s may now be hitting a 'landmark moment of contraction' as tax changes and red tape bite.

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Prime Central locations tend to have a far more equal split between sales and rental listings, compared to outer boroughs.

Agreed Sales volumes improved by a third from Week 08 to Week 09, but remained more than 25% lower year-on-year.

Tenants, repatriates and pied-à-terre buyers have come to the fore as hefty transaction costs stall traditional upsizers, reports Eccord's Jo Eccles.

£5,000-per-week-plus tenancies up 8% year-on-year as internationally mobile tenants prioritise flexibility.

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Agreed sales volumes dwindle further.

Foxtons registered 18% fewer would-be tenants in January 2026 than in January 2025, while rental supply increased by 6%.

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