Lettings

With supply levels running so low, ‘frustrated’ companies are having to consider outer-lying parts of the capital and alternative options to house their employees, reports Knight Frank.

Landlords are now calling the shots in the capital's most exclusive postcodes.

Average house prices increased again in September, but the latest RICS data suggest that the pace of growth is decelerating.

Investment firm LCP reports a surge in enquiries from overseas following the easing of travel restrictions.

"There has never been a busier lettings market at any time over the last 20 years," says Knight Frank's head of prime lettings, David Mumby.

"Cities have not only bounced back but are now seeing strong rental growth," says Rightmove, with some urban centres seeing double-digit price inflation as tenant demand jumps.

“The overall impact of the stamp duty holiday on investor activity has been relatively muted," says Hamptons' research chief Aneisha Beveridge.

"The scale of change we’ve seen over the course of the pandemic means this shift [back to urban life] isn’t going to happen overnight," says Rightmove.

The capital's prime rental market is leading the recovery for the first time since the start of the pandemic, reports Savills.

"We’re more likely to see a continuation of modest price growth, such as we’ve witnessed during the last five years, rather than a boom followed by a bust," says Hamptons, as it forecasts the start…

Hamptons has just published its house price forecasts for the years ahead, predicting the start of a new market cycle in 2024/5. Here the team outlines the key trends to watch in the coming 12 months.

"Activity in the residential investment sector is once again picking up", says buying agency Garrington, although the firm reports "a different profile" of buyer in the sector.