Lettings

London-based agency Marsh & Parsons clearly made some serious hay while the sun shone in H1. Interim results released by owner LSL show that M&P's revenue in H1 increased by 19% to £16.1m (up from £13.

"As the property market continues to slow down, we may enter a period of calm where asking prices, especially in new developments, are reassessed", says William Carrington in his introduction to the results…

The prime lettings market has "picked up" in the first half of the year, says Savills, as a slow-but-steady economic recovery drives confidence and employment.

A couple of recent reports have flagged up the changing face of London's Midtown rental market: Savills argued here that technology workers are reinventing the corporate lettings landscape, while LCP claimed…

It's been a strong Q2 for the lettings market in the Home Counties as rents have risen for the second quarter in a row, but are still 3.8% down on the year.

"Party pads" tend to be chunky affairs with ballrooms and big kitchens, not 323 sq ft studio flats on the fourth floor.

Average total returns from the Private Rented Sector have nudged up from 11.3% in Q4 last year to 12.

London's corporate rental landscape is changing, says Savills, as the traditionally dominant financial and insurance sectors give way for techno-tenants.

"It looks like it could be a busy Autumn" says Douglas & Gordon in its latest market barometer, as London's supply/demand imbalance starts to, well, balance a bit.

After a 1% rise in June to take the annual increase to +11.8%, average UK property prices have now breached their 2007 peak, says Knight Frank.

The capital's lettings landscape appears to be undergoing some pretty significant changes right now.

After 44 months of on-the-trot growth, prime central London is beginning to moderate itself says Knight Frank, as prices continue to rise but exchanges, viewings and new applicant numbers fall compared…