Prime London rental stock is still in short supply
Even after a 25% increase last month, available stock levels remain around 57% below the typical pre-pandemic level for this time of year, reports LonRes.
Available rental stock up 28%, reports London agency
Chestertons has seen a welcome improvement in supply levels, compared to last year - but demand is still running high.
Rents still rising in Prime London’s stock-starved lettings market
The pace of growth has slowed, but values are currently 25 to 30% above where they were pre-pandemic.
Is Prime London’s red-hot rental market cooling off?
Supply & demand are still well out of kilter, but discounts and price reductions are increasing.
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First Look: Reuben Brothers reveals luxury apartment scheme at £1bn Piccadilly Estate project
Boutique AHMM-designed development is delivering nearly 30 new residences as part of a huge transformation underway in London's most prestigious district.
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London has lost 10% of its high net worth population over the last ten years, pushing the UK capital down to fifth place on a list of the world's most millionaire-heavy cities.
600 new towers set to transform London’s skyline amid ‘huge changes’ for tall buildings
But 'momentum has slowed considerably' for high-rise residential development projects, says NLA.
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PrimeResi's regular stock check, powered by LonRes
Rightmove reports increase in agent numbers
'We continue to expect a better year for the UK property market in 2024 than in 2023,' says property portal chief Johan Svanstrom.