London rental market activity booms, but prices face downward pressure
Chestertons has reported a 45% increase in new tenancies in London this September compared to last – but supply is running high, forcing many more landlords to cut rents.
More prime London agencies make hay while the sun shines
Boutique firm Aston Chase joins other boutique operators reporting a bumper run of deals, after chalking up £175m worth of sales in the last five months alone…
PCL’s altered rental market in eight charts
“Anyone worried about the future of city life should take reassurance from the 21% increase in under 30-year olds starting new tenancies compared with the same period prior year,” notes the CEO of London Central Portfolio.
Rents rise to record levels outside London
London rents continue to fall, reports Rightmove.
‘Two speed’ rental market emerges as affluent areas recover from lockdown fastest
More affluent areas have seen markedly more lettings market activity since the end of the Spring Coronavirus lockdown than Britain’s less wealthy locations.
Knight Frank revises PCL rental forecasts as market starts to shift
Values have now fallen by -8.1% in a year in the capital’s most expensive postcodes – the biggest fall over a 12-month period in more than a decade – but the agency sees a turnaround on the cards in 2021…
Housing market activity ‘continues at strong pace’, but the longer-term outlook is ‘increasingly negative’ – RICS
Surveyors across the UK reported a continued rise in demand, supply, prices and agreed sales in September – but the consensus is that things will turn in the next 12 months…
Rents rise in the prime commuter belt but fall in London, as tenants ‘make real lifestyle changes as a result of Covid-19’
Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years. Leafier locations outside the capital, meanwhile, are set for 3.5% growth in 2020, and +11.5% by the end of 2024.
The view from Knightsbridge: Covid, Brexit & the PCL lettings market
So far at least, Brexit has had a far bigger impact on the Prime Central London lettings market than Covid-19, writes Alice Umfreville...
‘A lot of players are ending up in hotels’: Footballers struggle to score top-end rental homes
A shortage of £15k+ per month listings means that some Premiership footballers have been unable to find homes to rent as the new season starts, says Knight Frank.
Mayor Khan pitches two-year rent freeze for London
Sadiq Khan is angling for new devolved powers that would allow City Hall to control rents in London.
Students return to bolster Prime Central London’s rental market
Domestic and international students account for a quarter of all Dexters’ tenant applications in central London, rising to well over two-thirds in some educational enclaves; the estate agency has ranked which locations are most popular for this important chunk of the capital’s rental market.