The Market
Rental market ‘remains out of balance and difficult for tenants’ – Rightmove
Asking rents have hit another record high, as each lettings listing receives an average of 17 enquiries.
Buy-to-let purchases sink to a record low
Investors are shying away from buy-to-let, says Hamptons, reducing lettings supply and pushing up rental prices.
Belgravia retains crown as PCL’s £5mn-plus sales hotspot
15% of all high-end deals recorded across the capital in H1 took place in the district, as its appeal grows amongst younger HNWIs.
‘Resilience’ abounds as prime property agents anticipate a buoyant Autumn market
Property prices across Prime Central London remain -19% down on their previous peak a decade ago, says Savills, 'suggesting it is still a case of when, and not if, a stronger recovery takes hold.'
Gap between average asking & sold prices widens to 17%
'Sellers remain largely over-confident when it comes to their asking price expectations versus the price they are actually able to sell their property for,' says Yopa.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from TwentyCi, Savills, Beauchamp Estates, LonRes, the ONS, Knight Frank, Foxtons, LonRes & more..
Buying agency reports ‘flurry’ of prime property listings following election result
Garrington heralds a 'rosier' outlook for the property market as a 'flurry of new listings enters the prime market,' having been 'deliberately held back pending the election result.'
Experts warn of ‘reset moment’ as London homes face climate change catastrophe
'Cascading risks' loom for the capital, as escalating extreme weather events mean 'around 43% of London properties are likely to be affected by subsidence by 2030.'
‘Significant uplift’ in number of landlords selling up
Interest rate hikes, rising costs & general uncertainty have driven a 'dramatic' rise in the number of previous rental properties for sale, reports TwentyEA.
London rents hold steady as ‘peak lettings season begins in earnest’
Tenant demand has jumped 15% in the last month, reoports Foxtons, but remains lower than at this time last year.
Property Industry Reactions: Housing headlines King’s Speech
“My ministers will get Britain building, including through planning reform, as they seek to accelerate the delivery of high quality infrastructure and housing,” said King Charles.
11 Graphs: Performance & key trends in the new-build Prime Central London market
Buyers seeking a best-in-class new-build face rapidly dwindling options in London's most desirable neighbourhoods, new research suggests.