Lettings

Rising supply relative to demand comes as 'a welcome relief to renters, landlords and agents alike', says estate agency.

Buying and selling activity has fallen sharply across prime London as the election looms.

Values are still 28.3% above their pre-pandemic average, reports LonRes.

May was the third consecutive month to see annual rental growth of around 6%.

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Sales market activity fell slightly in May, but the consensus amongst property surveyors is that things will pick up again after the election.

Buying, selling and renting activity picked up last week, despite the imminent General Election.

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'Rental market dynamics are starting to turn,' says Zoopla, as some UK cities see prices begin to fall.

Estate agency trade body's latest survey points to rising buyer demand and sales supply, but 'challenges remain'.

30% fewer sales were agreed in Week 22 this year than in Week 22 2023, according to the latest LonRes data, while 32% more price reductions were recorded.

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