Foxtons reports ‘a strong start to what should be a pivotal year in London lettings’

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.

20% more sales were agreed in the opening week of this year than in the same period last year, while the traditional January asking price rise is more than double the 20-year average.

It has not been a busy start to the year for most of prime London's property market...