Lettings

London property prices are holding 'largely stable,' says the Royal Institute of Chartered Surveyors.

21% fewer sales have been agreed in prime London so far this year, compared to the same five-week period in 2023.

But Knight Frank's Tom Bill warns of growing uncertainty in the lettings sector.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Coutts, Rightmove, Zoopla, HMRC, Savills, Knight Frank, Jackson-Stops & more...

18% fewer prime London properties have been sold in January this year than in January 2023, according to the latest LonRes data for PrimeResi.

'The upwards trajectory in the super-prime lettings market looks set to continue,' says Knight Frank's Tom Bill, as PCL's sales market remains 'uneventful'.

The imbalance between rental supply and demand 'continues to unwind', says Savills.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Rightmove, Strutt & Parker, Savills, Yopa, Hamptons, Garringtons & more...

After years of double-digit growth, Rightmove is predicting a 5% increase for new asking rents outside of London through 2024, and +3% in London.

Rising revenue from lettings offset declines from sales and financial services in 2023, as the estate agency ploughs on with its 'operational turnaround plan'.

Buying activity continues to be slow in prime London, while the rental market is looking a lot cooler than in previous years.

At the end of 2023, there were 60% more properties available to let compared with a year earlier.