Lettings

UK resi values are likely to 'fall marginally' in 2024, says property consultancy.

Sentiment in the property market is becoming 'a little less negative', says the RICS.

The market is returning to more typical levels, reports the estate agency.

'The meteoric rental value growth seen in recent years has calmed down,' says Knight Frank.

16% more sales were agreed in Prime London last week compared to the previous seven days, but 15% fewer than the corresponding week last year...

'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'

Tenants across Great Britain paid a record £85.6bn in rent in 2023, says Hamptons - equivalent to the total value of all homes sold in London last year.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Reuters, Rightmove, Knight Frank, Beauchamp Estates, Hamptons & more...

Deal numbers are down again in prime London, but sales supply has picked up.

Conditions are 'highly-competitive' at the top-end, reports Beauchamp Estates, with multiple serious tenants often vying for the same property...and the victor happy to pay one or two years’ rent up-front.

Housing market activity is slowing down as seasonal trends re-emerge, says the estate agency trade body.

Savills expects average rents to increase by another 6% next year, before the pace of growth eases as tenants are stretched to the limit.