Lettings

The lettings team at Harrods Estates has landed a peach of an instruction in W1.

In an unusual move, the landlord of a rental property on Mulberry Walk is tempting prospective tenants with carte blanche to completely redecorate a whole house.

Foxtons is reporting that a record number - 85% - of all its tenancies are renewing contracts.

All this unpaid work is making life so tedious that it's almost not worth doing the job at all, says Trevor Abrahmsohn...

In stark contrast to what's being going on in the sales market, average rental values across prime London are now 7.4% higher than they were at this point last year.

Rental values in prime central London have dropped - albeit by the smallest of measures - for the first time since February 2014. July saw PCL rents fall by 0.

Sales transactions in prime central London rocketed by 21% in Q2 compared to Q1 of this year, says JLL, but levels are still 32% down year-on-year. See how this compares to LonRes' Q2 findings here

Rents have risen by 2.5% across Great Britain in the last 12 months, and by 3.8% in London, according to the last Private Housing Rental Index from the Office of National Statistics.

Prime rents have risen by 1.5% in London in the last 12 months, after a +0.

Harrods Estates has hired Sam Wright to head up the lettings department of its new office on Kensington Church Street.

John D Wood has launched a new "Staged in a Day" package for clients who need help dressing and styling a property before hosting an open day.

"Buyers are ready" says Douglas & Gordon as the estate agency reports a 50% year-on-year jump in the number of new applicants, but vendors are playing it very cool, with 33% fewer new instructions in June…