As Chelsea basks in the spotlight of the world’s most famous flower show, local agents explain why the area has returned to the top of the wish list for many prime buyers…
With fewer landlords around and workers now returning to the capital, rents are only headed in one direction, says Winkworth
“Despite delays in the line opening, the number of buyers looking to move near the stations has steadily surged,” says Rightmove.
The average London rent bill has risen 15.7% in the last year, reports Zoopla.
“Tenants are returning to the bright lights of the city and this is driving rental growth to record highs,” says Aneisha Beveridge of Hamptons.
Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London’s lettings market as tenant demand outpaces rental supply.
Catch up on all the latest market movements in less than five minutes, featuring data and analysis from Savills, Acadata, Knight Frank, LonRes, Boomin, Rightmove & more…
“It seems that limited supply available on the market, coupled with steady demand growth, are still the overriding drivers of house prices,” says the RICS’ chief economist.
The Renters Reform Bill promises a “new deal” for England’s 4.4 million private rented households, says Downing Street.
Catch up on all the latest market movements in less than five minutes, featuring data and analysis from LonRes, Knight Frank, Savills, Rightmove, Zoopla & more…
“The property markets in central and outer London are increasingly on different trajectories,” says Knight Frank, as the latest market indices shine a light on sales and lettings trends.