Prime rental price growth slows as the market becomes ‘less frantic’
Savills expects prime London rental growth to calm from its double-digit run to +5.0% over 2023 and +3.0% by the end of 2024. The prime commuter belt is set for an even sharper slowdown.
What to read next
‘The outlook for the prime rental market remains robust’ despite slower growth
Top-end rental markets are adjusting to a 'new normal', says Savills.
By PrimeResi
‘Intense’ tenant demand fuels record prime rental growth in London
Current growth rates 'cannot be sustained,' says Savills, as its prime lettings index records the highest annual increase since it started in 1979.
House price growth slows to lowest level since December 2019 – Zoopla
After two years of unprecedented growth, it looks like house price inflation is losing momentum.
Companies in this article
SavillsMost read
Power struggle at major family-run estate agency
Boardroom rift heads to the High Court as AIM-listed firm launches proceedings against its chairman.
By PrimeResi
Star Douglas Elliman broker targets London’s super-prime market
Luxury NYC specialist secures exclusive US representation for raft of landmark developments as American demand continues to build.
Prime London transactions up 14% as more buyers come off the sidelines
Knight Frank says buyers and sellers have become 'hardened to the volatility' as latest numbers suggest an improving picture across the prime postcodes.
Developer & contractor convicted over fatal London tower incident
Foster + Partners cleared of health and safety breaches over fatal Corniche window fall; St James and Lindner Prater found guilty.
By PrimeResi
Georgian gem changes hands on Fitzroy Square in off-market deal
Demand for best-in-class homes is driving top-end activity in PCL, says agency behind latest benchmark sale.
‘The industry is changing dramatically’: Russell Simpson’s Bertie Russell on growing the family business & the future of prime agency
INTERVIEW: PCL agency boss discusses carving out a place between the corporates and brokers, pushing into new prime London markets and keeping the boutique edge.
London’s super-prime market goes into summer recess
Latest LonRes Data: Under-offer numbers halve as £5mn+ deals and new instructions fall sharply amid 'uncertainty and a lack of urgency'.
Savills profits jump 47% despite UK resi slowdown
Boss Simon Shaw is 'delighted with the significant improvement in performance' - although the UK residential business saw revenue & profits decline in H1.
By PrimeResi
Malins Group rolls out private client arm
Property group launches new division for owners restoring, remodelling and creating ‘exceptional’ homes.
Rhodium hires former Nobu exec to lead global growth push
Dean Main's luxury property consultancy brings in Diane Daudin-Clavaud as Chief Development and Strategy Officer.
LATEST ARTICLES
£13mn Wentworth trophy home sparks competitive bidding
Agency reports ‘robust’ demand for best-in-class homes as British buyer snaps up standout new-build residence on the exclusive private estate.
Asia-Pacific’s branded resi sector on track to double by 2032
Savills flags diversification over volume as the defining trend in APAC's branded residential sector.
By PrimeResi
Lichfields installs new Planning Director in London
National planning consultancy announces another 14 promotions.
By PrimeResi
Parisian hotel brand debuts branded residences in Miami Design District
The Fouquet's Hotel & Residences is Miami Design District's first resi development
By PrimeResi
Savills bolsters Edinburgh team with returning London director
Ele Ross returns to the Scottish capital after three years in Islington, where she advised on more than £150mn of sales.