Lettings

‘The tide has now turned’, declares Benham & Reeves, as values bounce and stock levels decline

Hollywood stars and their production teams are an increasingly important source of deals, says Knight Frank.

Rental homes are "increasingly being used as a stop-gap by house-hunters faced with a lack of stock to buy," says Hamptons' research chief, Aneisha Beveridge.

£2.35 billion of capital was invested in the first six months of 2021.

“The see-saw of high supply and low demand is tipping back the other way,” says Knight Frank. “Demand is coming from multiple sources and rental values are getting stronger as a result.”

“Rental markets look set to be subdued for the rest of 2021," says Savills as its World Cities rental price index returns to positive growth, but the longer-term outlook is more positive.

Buying agency Haringtons is reporting "a huge influx" of demand for large furnished rental properties in prime London, as families are forced out of their homes by the recent flooding.

Highest number of new applicants on record has coincided with a big fall in new instructions.

Letting agents reported a record number of new prospective tenants per branch in June, according to Propertymark.

After steep falls over the last year, the agency expects rents across the prime postcodes will recover to pre-pandemic levels by 2023.

Key indicators including the average discount on re-lets and the time taken to find a tenant have both been falling.

Rental properties are finding tenants faster than ever before, reports Rightmove, as record demand pushes price up.