Lettings
Rents rise in the prime commuter belt but fall in London, as tenants ‘make real lifestyle changes as a result of Covid-19’
Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years.
The view from Knightsbridge: Covid, Brexit & the PCL lettings market
So far at least, Brexit has had a far bigger impact on the Prime Central London lettings market than Covid-19, writes Alice Umfreville...
‘A lot of players are ending up in hotels’: Footballers struggle to score top-end rental homes
A shortage of £15k+ per month listings means that some Premiership footballers have been unable to find homes to rent as the new season starts, says Knight Frank.
Mayor Khan pitches two-year rent freeze for London
Sadiq Khan is angling for new devolved powers that would allow City Hall to control rents in London.
Students return to bolster Prime Central London’s rental market
Domestic and international students account for a quarter of all Dexters' tenant applications in central London, rising to well over two-thirds in some educational enclaves;
More renters are looking to the Home Counties for a quieter life
The UK’s new rental hotspots are in quieter locations further from from traditional commuter hubs, says Rightmove.
‘Renters have joined homeowners in the race for space by rushing to the suburbs’ – Hamptons
Hamptons has seen a rise in the number of renters moving out of London in search of more space.
UK house prices hit a four-year high as demand for outside space continues to climb
"The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months," says RICS' Chief Economist…
Rental viewings ‘hit a ten-year high’ in August
A late student flurry, a glut of stock, and falling rental prices boosted lettings market activity in August, reports Knight Frank.
Tenants bargain hard in Prime London as supply levels stay high
With stock volumes 42% up on this time last year, landlords need to be realistic on pricing or face lengthy void periods, warns LonRes
PCL sales are up 85% compared to last Summer – Dexters
"All the activity we are currently seeing gives us every confidence about the outlook for the Prime Central London property market," says Dexters. But others are less bullish.
Ex-short-lets flood London’s rental market
A 42% jump in rental supply in Central London has caused a record 8.4% fall in average rental values, reports Hamptons International.