Lettings
Stock drought fuels rent inflation outside London
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.
‘Upward pressure on house prices shows no sign of easing’ – RICS
Most surveyors expect property sales activity to pick up in the coming months, thanks to Budget certainty and the easing of national lockdown restrictions.
Inner London rental searches double as tenants look to return to city life
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…
Return to school drives sharp pick-up in sales & lettings enquiries
"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."
Lack of overseas buyers keeps PCL prices in check
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…
London market boosted by lockdown ‘roadmap’, reports Chestertons
Buyers, sellers & tenants ‘responded well’ to the latest government announcement, reports 31-branch agency.
Savills predicts a ‘burst’ of rental price inflation next year
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."
London property market ‘getting a boost’ as overseas students ‘favour the UK’
"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.
Cash deals dwindle as smaller landlords tempted to invest
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 revises property price forecasts, swinging PCL to positive growth this year
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%...
2021 starts with ‘a noticeable drop off’ in property demand
January saw buyer enquiries, agreed sales and new instructions fall for the first time since May, according to the latest RICS survey - but house prices continue to rise (for now).
‘Halo effect’ as renters move out of city centres
A 'space race' in the rental market is seeing houses find tenants 30% faster compared to last year, says Zoopla.