Lettings

A third fewer sales were agreed across London's prime postcodes last week compared to the same period last year, but more homes went under offer, and a relative flurry of new instructions hit the market.

Just as the prospect of tax rises in the Budget is causing uncertainty in the sales market, Labour’s revival of the Renters Reform Bill is doing the same thing in the lettings market, says Knight Frank.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from the RICS, TwentyCi, Knight Frank, Prime Purchase, Savills, Hamptons, Halifax & more...

Labour's plan to require all rental homes to achieve an EPC A-C rating by 2030 'is achievable at a stretch,' says Hamptons, but 'landlords need adequate time and resources to meet it.'

London's average monthly rent bill has risen by 3% in the last 12 months, while Northern regions have seen three-times that growth.

Surveyors are feeling more positive about the sales market than at any time since January 2020.

The latest LonRes data suggests buying activity bounced back last week.

'Supply and demand remains imbalanced,' says Propertymark, as letting agents report rising tenant registrations alongside a slight decline in new rental instructions.

Propertymark's latest survey, covering June, suggests a seasonal decline in agreed sales as both buyer demand and supply fall.

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After the Renters (Reform) Bill was shelved due to the General Election, Savills' research chief explores what changes the new government may have planned for the rental sector...

CBRE is expecting a 'sustained premium' for homes along the line, especially for those further out which have seen the biggest reductions in journey times.