Lettings

Instructions rose by 20% last month, but available stock levels are still 50% down on pre-pandemic times, reports LonRes.

Market metrics continue to point to a slowing market, with 18% fewer sales agreed in prime London so far this year compared to last, and 26% fewer than in 2021.

But 'we’re not back to a normal seasonal market just yet,' says Foxtons, as rental prices remain at records highs.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Foxtons, Rightmove, Savills, LonRes, Adam Architecture, Knight Frank, Chestertons, Henley…

Surveyors expect property sales volumes to fall further in the next three months - but things should pick up within 12 months.

Price cuts are proliferating in prime London's sales and rental markets, according to the latest LonRes intelligence.

The top-end of the lettings market 'is at a pivotal point', says Knight Frank.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Hamptons, Halifax, Savills, LonRes, Knight Frank, Tyburn & more...

Prime regional rental prices grew by +0.6% in Q3, down from +2.6% in Q2, according to the latest Savills data.

'Resident experience drives operational performance by maximising occupancy and income while also reducing costs,' says Knight Frank after analysing and rating 247 build-to-rent schemes around the UK.

'There has been a clear shift in demand for purpose built prime homes that offer a lifestyle that can match or exceed that on offer at an exclusive 5-star hotel'

'We’ve been really feeling the pressure of having to manage the mounting number of enquiries for each rental property we have available,' complains one letting agent.