Huge rise in PCL tenancies as buyers turn to let
PCL rents finally on the rise as economy rebounds
Prime central London rents rose for the first time in 21 months in January, according to Knight Frank.
It was only a 0.2% increase, but that's still the biggest since September 2011.
By Prime Resi
Rents drop in PCL but rise in Outer Prime London
The average weekly rent across Prime London increased by 1.6% (to £638 per week) in Q2, says Marsh & Parsons, but there were markedly different stories in the centre of town and the outer circle.
By Prime Resi
High-end rentals soar in PCL as buyers hold fire
Number of properties let at £3k per week in Q4 was up 28% year-on-year
By Prime Resi
Companies in this article
JLLMost read
Budget 2025: The luxury property industry’s hopes, fears & expectations
PrimeResi has surveyed 50 industry leaders, including estate agency owners, sales brokers, buying agents, luxury developers, financiers, legal advisors, and more.
By PrimeResi
PCL agency co-founder joins UK Sotheby’s International Realty
George Vernon has taken up a Consultant Senior Lettings Director role at the luxury brokerage.
London estate agency announces major recruitment drive
Dexters wants to take on 200 new recruits via its Training Academy in 2026.
By PrimeResi
In Pictures: Touring a revamped Rutland Gardens townhouse with Rolls-Royce links
Design studio Taylor Howes completes a two-year reimagining of a storied Knightsbridge residence - which is now up for sale at nearly £17mn.
‘Ambassadorial’ St John’s Wood townhouse sells for £11.5mn
A £3.25mn price cut did the trick for the Grade II listed pile on Hamilton Terrace.
In Pictures: £27mn Rossetti-inspired penthouse launches at Marylebone Square
Marquee unit at long-running PCL project has been named after Christina Rossetti - and is being sold with a first edition collection of poems by the celebrated romantic writer.
Savills cuts mainstream house price forecasts again
Average property values likely to increase by 22.2% over the next five years, say analysts, as regional price divides narrow.
By PrimeResi
The London ‘anti-bubble’: Ollie Marshall on finding value amid the global froth
Bubbles are everywhere these days, writes top buying agent - but a growing cohort of investors is finding shelter & opportunity in the UK capital’s unloved prime property heartlands.
Westminster’s rental licensing scheme launches this month
New rules for some central London landlords kick in on 25th November 2025.
By PrimeResi
Chancellor ‘sets the context’ for tax-hiking Budget
Without making specific policy announcements, Rachel Reeves has indicated significant tax rises are coming this month.
By PrimeResi
LATEST ARTICLES
Property Industry Reactions: Interest Rates held at 4%
'If inflation stays on track, we expect to be able to gradually cut rates further,' says the Bank of England after a close call on the base rate.
By PrimeResi
My Property Career: Quickfire Q&A with Sharief Ibrahim
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
New sales & marketing boss at The OWO Residences
Alex Rusling will be leading sales & marketing activities at the super-prime Raffles-branded scheme in Whitehall.
Land Registry launches ‘ambitious new strategy’ to ‘unlock a faster, less stressful property market’
England & Wales's official property database has set out long-term priorities as it pursues 'the digital transformation of the property market.'
By PrimeResi
AHMM significantly expands exec board
Seven directors have joined the leading architecture firm's four founders at the top table.
By PrimeResi