Central London rents likely to recover to pre-pandemic levels within a year – Hamptons
Average rents in central London have fallen by 16.5% in the last year, but "it appears that late spring marked the bottom of the Inner London market," says Hamptons, as its latest rental index confirms reports from Knight Frank and Savills.
Asking rents hit a record high outside London, as city centres start to recover
Rental properties are finding tenants faster than ever before, reports Rightmove, as record demand pushes price up.
Average rents have increased by 7.4% in the last year
But the total amount of rent paid by tenants across Great Britain has fallen 8% since 2018, says Hamptons.
Property market activity builds in Prime Central London
Knight Frank reports more exchanges going through above £2m, more offers being made, and more viewings taking place
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A ‘spring surge’ in property market activity could turn into a ‘spring standoff’, warns buying agency
Estate agents are telling Garrington's team that they 'are having to accept vendor-led prices to ‘test the market’ prior to either offering price reductions or accepting a lower offer.'