‘Most competitive rental market ever’ drives record rental price inflation
Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital. It's the first time Rightmove's index has posted double-digit annual growth at the national level.
What to read next
House price & rental growth to continue outpacing wage inflation, warns the RICS
Buyer demand continues to outpace the supply of homes available to buy.
Private rental stock has dropped by half since 2019 as landlords exit the market
Estate agency branches had an average of 15.6 properties available to rent in March this year, says Propertymark, down from 30.4 in March 2019.
‘Little evidence of house price inflation losing much momentum’ – RICS
"It seems that limited supply available on the market, coupled with steady demand growth, are still the overriding drivers of house prices," says the RICS' chief economist.
Companies in this article
RightmoveMost read
Inside St John’s Wood Square: Sales launch at ‘once-in-a-generation’ super-prime project
Portia Fox-designed show apartment unveiled as long-awaited transformation of historic NW8 barracks site hits the market, with pricing revealed for the first time.
Forbes-backed brokerage adds another big name to PCL line-up
Latest Founder Partner brings nearly four decades of top-end agency experience to Martin Bikhit’s new venture.
Property billionaire swaps Holland Park for Monaco
David Reuben becomes the latest big name to leave the UK, joining a Monaco set now controlling some £77bn of Rich List wealth.
RFR brings in super-prime specialist as MD
Former Knight Frank partner joins Chelsea-based buying firm.
Major developer calls time on London as viability ‘fundamentally broken’
Economic rewards for taking development risk in the capital have 'evaporated,' says housebuilding giant boss.
By PrimeResi
Guardian: Why are London mansions struggling to sell?
LonRes chief says there is some ‘unbelievably good value’ in the capital's prime neighbourhoods - but warns the market has yet to find its floor.
Native Land unveils £15.5mn penthouse with one of Marylebone’s biggest roof terraces
In Pictures: Developer rounds off sales programme at well-received PCL scheme with a flourish.
London Square owner racks up £1bn-worth of Abu Dhabi sales in a week
International buyers drive bumper sales tally for Aldar across two waterfront launches.
By PrimeResi
Martin Kemp Design takes up residence near Buckingham Palace
Luxury design practice moves into new Buckingham Place studio, with a run of prime resi projects underway and a growing furniture range.
Record transfer window kicks off super-prime rental bonanza
Savills handled more than 20 player and manager relocations over the summer, including a string of deals in Cheshire at more than £30k a month.
LATEST ARTICLES
eXp owner names new global chief; announces three-day London palooza
American brokerage founder Glenn Sanford steps back as the UK division prepares to host the firm's big international convention next year.
By PrimeResi
Knight Frank adds more affiliate brokers as enquiries top 170
Agency continues rollout of self-employed model as it targets key territories across South East and West London.
Tom Bill on tax-cut promises, mortgage pain & the country house market
Knight Frank's research boss weighs up the latest political pledges, the borrowing squeeze and 'brittle' sentiment among buyers.
By Tom Bill
‘A significant change’: Primary buyers overtake second-homers in Cornwall’s waterfront market
Agency flags a sea-change in the South West as 'local buyers & those looking to relocate permanently are becoming the dominant force'.
By PrimeResi
Native Land unveils £15.5mn penthouse with one of Marylebone’s biggest roof terraces
In Pictures: Developer rounds off sales programme at well-received PCL scheme with a flourish.