Lettings
Rents tumble in London as landlords fear Covid-19 ‘second wave’
Landlords have been cutting asking prices to avoid being left with an empty property on their hands if lockdown restrictions are tightened again, reports Chestertons
Savills revises rental growth forecasts down
Rental yields are likely to be lower in 2024 relative to today, predicts Savills.
Landlords’ average capital gain sinks again
Landlords who sold a property in 2019 typically owned it for 9.1 years and sold it for £78,100 more than they paid for it.
Rental valuations jump to a record high as the lettings market bounces back
Viewings of properties for sale are still well below the five-year average, reports Knight Frank, but both landlords and tenants are now more active than before the pandemic.
Taking Stock: The impact of Covid-19 on the prime London lettings market
New lets agreed over the course of lockdown fell by more than two-thirds, reports LonRes
Tenant demand is catching up with rental supply in prime London
"It still feels like it’s more of a tenants market" in prime London, says Knight Frank's Head of Lettings, "but we are going into the busiest period of the year and I would expect supply to come down."
Sharp fall in London rents as pandemic shifts balance of power
Chestertons reports a 10-15% drop in rental values since March, citing diminished demand from students and corporates among the key factors
Mayfair to lead London’s market recovery, predicts agency
Wetherell foresees a busy summer ahead for the cash-rich neighbourhood, with a V-shaped recovery led by the new-build and lettings sectors...
Only half of new buyers are requesting physical viewings – Chestertons
Applicants appear to be following government advice and only viewing properties they are serious about, observes London agency.
Lockdown pushes average time to let to a record high
It took an average of five days longer to let a home in April 2020 compared to April 2019, but rental demand "has now almost recovered to pre-lockdown levels," says Hamptons International.
London’s rental market ‘remains buoyant’, say agents
Aston Chase says it has received a "significantly higher" number of rental enquiries under lockdown compared to the same period last year. LonRes data, however, tells a different story.
Lettings deals down by two-thirds in Prime London
The number of new lets agreed has sunk by 67% over the last seven weeks, reports LonRes