Deal numbers are down again in prime London, but sales supply has picked up.
Conditions are 'highly-competitive' at the top-end, reports Beauchamp Estates, with multiple serious tenants often vying for the same property...and the victor happy to pay one or two years’ rent up-front.
Housing market activity is slowing down as seasonal trends re-emerge, says the estate agency trade body.
Savills expects average rents to increase by another 6% next year, before the pace of growth eases as tenants are stretched to the limit.
Deal numbers continue to slide in prime London, but the last week has seen a decent increase in new sales instructions.
Recovery will be 'slow and steady rather than spectacular', says high-profile agency.
Fresh analysis by luxury estate agency Beauchamp Estates looks into the wealth and lifestyles of the global super-rich.
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Beauchamp Estates, Savills, Knight Frank, Foxtons, the OBR, Jackson-Stops, OnTheMarket &…
Council is receiving nearly 30 complaints a week from livid locals.
'Now is a good time to buy' a property in the capital, says estate agency.
Deal numbers are down again in the capital...
Traditional seasonal trends return to the rental market as ‘landlords remain confident in London’s unfailing appeal’
Tenant demand has fallen sharply in the last month, prompting Foxtons to herald 'a shift towards a more balanced market' in the capital.