Lettings

Interest rate hikes, rising costs & general uncertainty have driven a 'dramatic' rise in the number of previous rental properties for sale, reports TwentyEA.

Tenant demand has jumped 15% in the last month, reoports Foxtons, but remains lower than at this time last year.

Things continue to be relatively quiet in Prime Central London, with less home-buying and selling activity taking place in Week 28 2024 compared to the same seven day period in previous years.

Wealthy buyers bought a record £439mn-worth of £10mn+ homes in the first half of this year, reports JLL, contradicting some rival market reports.

LonRes recorded an annual decrease of 2.5% in lets agreed and a 5.1% fall in new instructions last month - while rental growth slipped to 0.4%.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Rightmove, Beauchamp Estates, Benham & Reeves, HMRC, Foxtons, Savills, Knight Frank…

Rents are still rising in London and the regions, but Savills warns of 'misalignment' between tenant and landlord expectations.

Surveyors 'have confidence in the newly elected Labour government,' concludes the Royal Institute as housing market optimism builds.

The latest data suggest last week's General Election had little real effect on home-buying and selling activity across London's prime postcodes.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Savills, Knight Frank, Propertymark, Foxtons, Rightmove & more...

Watch what the government says over the summer and what it does in its first Budget later this year, advises Knight Frank's UK resi research chief.

Almost all tenancies agreed in the last month above £1,000 pw have been below the asking rent or subject to a rent reduction, reports Knight Frank.