Lettings

It's being reported that the Chief Executive of the Serum Institute of India has agreed to pay a massive £50,000 per week to rent a 25,000 sq ft mansion in Prime Central London.

“The huge population of London means that traditionally it’s the most searched for location," says Rightmove, "but the appeal of the coast and the countryside over the past year has seen Cornwall crowned…

Half of landlords reletting their property increased the rent this year, says Hamptons; that's the highest figure since 2016. In London, however, only 37% of landlords were able to raise rents.

Most surveyors expect property sales activity to pick up in the coming months, thanks to Budget certainty and the easing of national lockdown restrictions.

There's "a growing trend of people wanting to move back to urban hubs," says Rightmove, as the portal reports "a significant shift in search behaviour", with more tenants looking to rent in London Zones…

"Home schooling is turning to home searching," says Carter Jonas, as parents "refocus and prepare for a move in time for September 2021 and the start of the new school year."

London's higher-value enclaves remain 'disproportionately affected' by the lack of overseas buyers, reports Knight Frank, while places like Belsize Park, Dulwich and Wimbledon have all seen their average…

Buyers, sellers & tenants ‘responded well’ to the latest government announcement, reports 31-branch agency.

Savills has updated it forecasts for the UK's mainstream rental market. "We expect the market to progressively normalise," says the team, "reversing some of the Covid-specific trends seen in 2020."

"The UK’s safe haven status, diverse and liberal culture has attracted overseas students who would have previously studied in the US," suggests property investment firm London Central Portfolio.

Average rents in the South East have climbed by 10% in the last year, reports Hamptons - while rents in Central London have fallen by 16%.

Strutt & Parker is now predicting that PCL prices will rise by up to 5% this year, having previously anticipated a drop of up to 5%...