Lettings
Redressing the Balance: New rules for letting agents are “step in the right direction”
Tenants will soon receive a right to challenge "rogue" lettings agents, with the government today demanding that all agents sign up to an approved redress scheme.
Miserable March drove valuations and instructions down 30% – D&G
The unusually long-tailed winter had a big impact on last month's sales valuations and new instructions, according to Douglas & Gordon, who saw a chunky 30% drop off on last year's numbers.
Lettings fees ad rules to be clarified
There's to be no enforcement just yet on the Advertising Standard's Authority's decree that letting agents must include details of all compulsory fees on ads.
Confidence Blossoms in PCL: Properties are selling faster, with fewer price reductions and fall-throughs
The Lonres Spring Residential Review reports a real air of optimism blossoming through the prime central market, with a doubling in the number of new instructions unable to stifle a 9% rise in the average…
Dear Vince: RICS rallies members to help “eliminate the cowboys”
The Royal Institution of Chartered Surveyors has urged its members to write personal letters to Vince Cable ahead of this month's House of Commons debate on the Enterprise and Regulatory Reform Bill.
West End rental deals up 110% – LDG
Meanwhile, reports filtering in from one agency suggest it's been a rip-roaring start to 2013 for the West End rental market - in terms of volume anyway.
Northbeach goes to work on Connaught Place scheme
Northbeach Capital Partners, the PCL development management, investment and advisory arm of Northbeach, has announced a new project overlooking Hyde Park, due for completion in August 2013.
London was the only prime world city to see rents fall in 2012
Knight Frank's Prime Global Rental Index rose by 1.6% in the final quarter of 2012, taking the annual increase to 5.1% and putting the index 20% above its post-financial crisis low in Q2 2009.
PCL micro-markets still performing for landlords as location trumps size
According to new figures out today, London's prime micro-markets have been performing particularly well for landlords of late, despite a 50% slow down in rental inflation over the past 12 months.
Hurford Salvi Carr AST management team back to London
Hurford Salvi Carr has decided to scale-up their AST Management team and bring it back to Central London. Natalie Doyle will be the new face in charge of things.
Big landlords are “raising the bar” for tenants, as London rents forecast to grow by 24% by 2018 – Savills
Rents in prime London rose by 1.
UK rental stock value up £200bn in five years as investors see big returns
The surging residential rental market in England and Wales is attracting new investors both large and small, according to the latest from CBRE.