Lettings

"Tenants are returning to the bright lights of the city and this is driving rental growth to record highs," says Aneisha Beveridge of Hamptons.

Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London's lettings market as tenant demand outpaces rental supply.

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"It seems that limited supply available on the market, coupled with steady demand growth, are still the overriding drivers of house prices," says the RICS' chief economist.

The Renters Reform Bill promises a "new deal" for England's 4.4 million private rented households, says Downing Street.

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"The property markets in central and outer London are increasingly on different trajectories," says Knight Frank, as the latest market indices shine a light on sales and lettings trends.

Corporate relocation searches were up by 150% in Q1, according to Winkworth, in a 'positive sign' for the sales market

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“The recovery of the rental market has led to a shift in tenant profiles,” says LCP boss Andrew Weir, “as older tenants return to the office and outcompete young professionals and students.“

"It is encouraging that a little more stock appears to be returning to the market," says the RICS' chief economist.

Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital.