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…
Most read
Interview: Luxury property impresario Dean Main on building a £600mn development pipeline & managing £12bn of PCL schemes
Talking legacy developments & top-end trends with the boss of Henigman & Rhodium.
Chestertons picks up well-known PCL lettings business
Estate agency takes over letting and management arm of boutique firm Henry & James as acquisition drive continues.
Boutique PCL agency Wilfords expands with new branch in SW London
The Kensington-based firm was founded by ex-Foxtons agents Geoff Wilford and Simon Welfare in 2011.
In Pictures: Three-year project creates a ‘sophisticated’ 17,000 sq ft country estate in Surrey
Helen Green Design collaborated with the 'very best artisans, joiners and suppliers in the industry' on this sumptuous reworking.
‘Astonishing’ $95mn super-villa is one of Dubai’s biggest-ever listings
The ten-bed mansion has been designed to 'expand the possibilities of elite architecture'.
‘There is no lack of interest’: Peninsula London pauses sales after world’s wealthiest pick up 70% of residences
New five-star destination opposite Buckingham Palace has been described as 'the most significant addition to London's ultra-prime market in recent memory'.
Developers unveil new vision for Notting Hill’s Newcombe House
Beltane and Angelo Gordon are pursuing an office-led approach to the redevelopment of a prominent site on the corner of Notting Hill Gate and Kensington Church Street, rather than an already-consented…
Middleton recruits ex-Savills COO to new advisory board
Big-hitters Juliette Stacey and Christopher Eadie will be working with the prime property firm's senior team.
LATEST ARTICLES
The Register of Overseas Entities seems to be working, as UK property deals involving tax havens fall
New research suggests improved transparency in the property market means 'Londongrad' is losing its appeal to corrupt money...
City Slicker: Inside a new Foster + Partners-designed penthouse in east London, asking £9.9mn
Principal Tower, a new 50-storey landmark on the edge of the Square Mile, is the only resi building in London designed inside-and-out by the world-famous architecture firm.
Housebuilding’s ‘new normal’ in nine charts
Savills has taken a deep dive into the mechanics and economic realities of the UK's housebuilding sector, highlighting some dramatic changes in the new-build sales landscape...
Property industry football championship signs high-profile headline sponsor ahead of ‘biggest tournament yet’
London's top estate agencies will battle it out in the CPR Cup on 16th June to be crowned industry football champions.
Belvoir Group on the hunt for more business acquisitions as turnover climbs
Estate agency Plc says it 'will look to identify suitable acquisition targets to support continued growth and further enhance shareholder value.'