Lettings

Hamptons estimates that around 140,000 landlords retired in 2022, accounting for nearly three-quarters (73%) of all landlord sales.

Chestertons has nearly a third more rental stock on its books now than at this time last year - but tenant demand is still running hot.

The government is pressing on with plans to regulate the holiday rental market, suggesting a new planning use class for short-term rentals, and a register of to keep track of them.

Surveyors expect the weak sales market to continue for 'a while longer', before more stability returns.

The frenetic conditions of the last 18 months look to be calming down, but rental growth is still high by historical standards.

'Short-term lets have been widely abused - when you have one residential block renting out more rooms than the Ritz every night, you know the system needs reform,' says the leader of Westminster City Council.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Foxtons, Savills, Knight Frank, HMRC, OnTheMarket, Propertymark & more...

Letting agencies report an average of ten tenants chasing each rental listing.

An average of 20 renters are registering for each new listing, says the agency, rising to over 30 in some neighbourhoods.

Tax changes aimed at buy-to-let investors have hit the sector, says LonRes.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Rightmove, Savills, eXp, Knight Frank, CBRE, the OBR & more...