Lettings
London rents jumped 20% in 2022, and demand remains high
Demand for rental homes in London 'remains high and I do not see a great glut of stock on the horizon,' says Sarah Tonkinson of Foxtons.
Property market continues to cool – RICS
The latest RICS data on residential property deals, demand, new instructions and prices all point to a continued market slowdown.
Prime rental price growth slows as the market becomes ‘less frantic’
Savills expects prime London rental growth to calm from its double-digit run to +5.0% over 2023 and +3.0% by the end of 2024. The prime commuter belt is set for an even sharper slowdown.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Rightmove, Zoopla, JLL, Knight Frank, the ONS & more...
Record-breaking rental growth continues, with central London rents up 15% on the year
'2022 has been a record-breaking year for rental growth,' says Hamptons. 'But even so, rents have failed to keep pace with wider inflation, and indeed landlords’ rising costs.'
Buyers spent a record £5.2bn on PCL property last year
...but prices and stock levels both fell in the final quarter, reports JLL.
Why are there so few homes to rent? Zoopla’s research chief explains…
'The UK's private rental market is going through a period of rationalisation and consolidation after more than a decade of very rapid growth up until 2016,' says Richard Donnell.
Average home seller profit tops £100k
'Even if prices do fall this year, it’s likely that over 90% of sellers will still sell at a profit,' says Hamptons' research chief.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Savills, Benham & Reeves, Rightmove, Knight Frank, the BoE & more...
‘Little sign of more balanced conditions’ in prime London’s lettings market
Rental supply and demand remain very mismatched in the capital - but Knight Frank suggests that 'the UK property market may finally begin the process of self-correction' later this year.
‘A very different market’ is emerging as we head into the new year – Garrington
A 'widespread repricing' is underway as home-buyer demand falls away, reports buying agency.
Property portal search trends return to pre-pandemic patterns
Searches for homes for sale in London increased by 9% from 2021 to 2022, says Rightmove, while searches for Cornwall and Devon dropped by 18% and 17% respectively.