PCL rental stock has dropped 75% as tenants return to town
“The recovery of the rental market has led to a shift in tenant profiles,” says LCP boss Andrew Weir, “as older tenants return to the office and outcompete young professionals and students.“
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.
Inner London rental searches double as tenants look to return to city life
There's "a growing trend of people wanting to move back to urban hubs," says Rightmove, as the portal reports "a significant shift in search behaviour", with more tenants looking to rent in London Zones…
PCL’s altered rental market in eight charts
"Anyone worried about the future of city life should take reassurance from the 21% increase in under 30-year olds starting new tenancies compared with the same period prior year," notes the CEO of London…
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Knight Frank names three new Proprietary Partners
Knightsbridge lettings head Arya Salari, capital markets specialist Eddie Thomas and lease advisory lead James Thistle step up.
Top brokers assess the Iran conflict’s effect on global prime property markets
Luxury property agents in London & Dubai report early shifts in buyer activity as geopolitical tensions escalate.
‘Hundreds’ of luxury London flats set for sale after £2bn lender collapse
Around 250 property companies with assets across PCL now under administration.
£10mn Notting Hill project offers chance to create ‘one of the area’s great homes’
Rare unmod Ladbroke Grove townhouse with communal garden access and basement planning comes to market.
Westminster to grant blanket retrofit consent for Eaton Square
Borough's first Listed Building Consent Order promises to allow 'retrofit at scale' on London's largest residential square.
FT: ‘We’re past the $200mn threshold’ – the rise of super-super prime property
'How much is mere showboating listing,' asks FT journalist Mark Ellwood - 'and how much higher can prices for single private properties actually be pushed?'
Ten Years On: Assessing the ‘profound effect’ of the second home stamp duty surcharge
'Almost overnight, the market tilted away from investors,' says Hamptons, 'meaning far fewer homes have been added to the rented sector' in the last decade.
Buyer secures Dubai’s third most expensive apartment
The big-ticket off-plan deal comes amid escalating regional tensions.
Savills buys major real estate investment bank Eastdil
The deal is one of the biggest in Savills' history.
Savills reports ‘strong performance across the board’ despite declines for UK resi business
International property consultancy saw profits jump 11% last year.
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Luxury brokerage hires Savills associate director for country lettings push
Recent UK Sotheby’s International Realty recruit George Duff previously led Savills’ Cobham lettings operation.
Opinion: Winkworth boss Dominic Agace on why stamp duty should be abolished
Agency boss met Shadow Chancellor Sir Mel Stride MP at the firm's Pimlico office this week to discuss the need for change.
America’s biggest property portal to open up pre-market listings
Major US brokerages back Zillow move to surface 'coming soon' listings to its enormous audience.
Christie’s International Real Estate targets Tokyo
Hokkaido-based affiliate makes a play for the capital’s fast-growing luxury market as currency dynamics boost overseas buying power.
On Leasehold Reform: What the big shake-up could mean for prime property investors
Following publication of the draft Commonhold and Leasehold Reform Bill earlier this year, lawyers Kate Stockdale & Michael Ellis assess the likely impact on ground rents, ownership structures and investor…