Property market sticks in the doldrums, but surveyors are more positive about 2020
“The medium term view of the market remains surprisingly sanguine”, according to the latest RICS monthly survey
Harrods Estates reports record month for lettings
PCL agency’s best ever lettings performance driven by renewals in the super-prime range
‘Steep rise’ in prime London tenancy agreements as demand escalates
Knight Frank reports a 46% jump in agreed tenancies under £1,000 pw in prime London
Prime Central London buyers’ firepower builds as supply declines
Knight Frank reports escalating pent-up demand for property in prime London, as sales prices continue to fall
Ben Sloane of Aston Chase on London’s super-prime rental trends
INTERVIEW: The lettings director at one of PCL’s most successful boutique agencies discusses how recent policy changes have affected the market, the skills required to make it as a top fee-earner, and what you can rent in London for £50,000 per week…
Eight London market trends to watch
Data firm Realyse summarises the key themes witnessed at postcode-level in Q3…
Grainger hails year of ‘exceptional growth’
Reinvention delivers soaring rental income and profits for the UK’s biggest listed landlord, which has now assembled a £2.6bn resi portfolio…
‘Certainty will return to the UK housing market’, predicts JLL in an upbeat set of forecasts
Property firm prophecies “the end of a long period of uncertainty” in London and around the country – with positive growth on the cards for house prices, transaction volumes and rental values.
‘Buyer & seller activity remains in a holding pattern, hampered by political & economic uncertainty’ – RICS
“Given the upcoming general election next month, it appears unlikely that these trends will pick-up to any meaningful extent over the remainder of this year”, warns the RICS’ Chief Economist
Proportion of overseas landlords rises for the first time since 2010
The weak Pound has boosted the proportion of British homes let by overseas landlords, from 7% last year to 11% this year, according to Hamptons; it’s the first rise since the estate agency started counting in 2010.
Tenant demand continues to outstrip rental supply in London
Demand for rental properties in London has increased by 13% compared to last year, reports Foxtons, while supply has fallen by 16%
Alastair Mullens of Vertus on Canary Wharf Group’s big move into BTR
One of London’s most influential developers, Canary Wharf Group, has made a major splash in the build-to-rent sector, rolling out a dedicated rental arm and unveiling the first of three BTR mega-schemes on its vast east London estate; Alastair Mullens, the man in charge of new operator Vertus, talks timings, points of difference, and what’s in the pipeline…