Lettings
Savills revises rental growth forecasts down
Rental yields are likely to be lower in 2024 relative to today, predicts Savills.
Landlords’ average capital gain sinks again
Landlords who sold a property in 2019 typically owned it for 9.1 years and sold it for £78,100 more than they paid for it.
Rental valuations jump to a record high as the lettings market bounces back
Viewings of properties for sale are still well below the five-year average, reports Knight Frank, but both landlords and tenants are now more active than before the pandemic.
Taking Stock: The impact of Covid-19 on the prime London lettings market
New lets agreed over the course of lockdown fell by more than two-thirds, reports LonRes
Tenant demand is catching up with rental supply in prime London
"It still feels like it’s more of a tenants market" in prime London, says Knight Frank's Head of Lettings, "but we are going into the busiest period of the year and I would expect supply to come down.
Sharp fall in London rents as pandemic shifts balance of power
Chestertons reports a 10-15% drop in rental values since March, citing diminished demand from students and corporates among the key factors
Mayfair to lead London’s market recovery, predicts agency
Wetherell foresees a busy summer ahead for the cash-rich neighbourhood, with a V-shaped recovery led by the new-build and lettings sectors...
Only half of new buyers are requesting physical viewings – Chestertons
Applicants appear to be following government advice and only viewing properties they are serious about, observes London agency.
Lockdown pushes average time to let to a record high
It took an average of five days longer to let a home in April 2020 compared to April 2019, but rental demand "has now almost recovered to pre-lockdown levels," says Hamptons International.
London’s rental market ‘remains buoyant’, say agents
Aston Chase says it has received a "significantly higher" number of rental enquiries under lockdown compared to the same period last year. LonRes data, however, tells a different story.
Lettings deals down by two-thirds in Prime London
The number of new lets agreed has sunk by 67% over the last seven weeks, reports LonRes
London property buyers’ total potential spend has hit £52bn – Knight Frank
Activity may have plunged as a result of the ongoing Covid-19 lockdown, but lettings activity is on the rise and pent-up buyer demand is building, reports the agency.