Lettings

The pace of rental price growth is cooling fastest in London, says Rightmove, as more top-end properties see asking price cuts.

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Foxtons saw small increases in both rental supply and tenant demand last month.

'There are encouraging trends across the sales and lettings activity' in Prime Central London, says research chief Marcus Dixon.

LonRes data shows a sharp increase in price reductions over the last two weeks.

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Annual rental growth of 3.8% was up only slightly last month, while activity levels fell back after a good start to the year.

Fresh LonRes data point to a spike in prime London properties going under offer following the Easter break, coinciding with a sharp increase in price reductions and new instructions.

Rightmove's data shows a marked increase in buying interest in London's top-tier postcodes compared to last year, as the portal highlights addresses with the highest asking prices for sale and rent across…

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Average rents in Inner London have nudged up by just 0.4% over the last 12 months, while the national average has climbed 6.7%.

Chestertons has seen a clear increase in demand from 'motivated' tenants in the last month.