Lettings

Housing market activity is slowing down as seasonal trends re-emerge, says the estate agency trade body.

Savills expects average rents to increase by another 6% next year, before the pace of growth eases as tenants are stretched to the limit.

Deal numbers continue to slide in prime London, but the last week has seen a decent increase in new sales instructions.

Recovery will be 'slow and steady rather than spectacular', says high-profile agency.

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Council is receiving nearly 30 complaints a week from livid locals.

'Now is a good time to buy' a property in the capital, says estate agency.

Deal numbers are down again in the capital...

Tenant demand has fallen sharply in the last month, prompting Foxtons to herald 'a shift towards a more balanced market' in the capital.

The number of properties available to let is up by over 60% compared to a year ago, but levels are still around 40% below where they were in 2019.

Slower growth in top-tier rental markets such as New York and Singapore 'points to the likely direction of travel for big city markets,' says Knight Frank.