Rental values fall in prime London as supply returns to ‘more normal levels’
But Knight Frank's Tom Bill warns of growing uncertainty in the lettings sector.
Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.
Rental demand will continue to outweigh supply this year in Prime London – Knight Frank
'It won’t become a tenants’ market any time soon,' writes Knight Frank's Tom Bill, as the firm's latest PCL index tells of continued double-digit rental growth.
By Tom Bill
Rising stock levels put the brakes on Prime London rental growth
At the end of 2023, there were 60% more properties available to let compared with a year earlier.
‘Normal trading conditions’ return to London’s prime rental market
'The meteoric rental value growth seen in recent years has calmed down,' says Knight Frank.
By PrimeResi
Companies in this article
Knight FrankMost read
Park Modern’s £60mn penthouse finds a buyer
Reports suggest an AI tycoon has picked up the marquee unit at Fenton Whelan's Bayswater scheme, marking the biggest super-prime sale of the last year.
By PrimeResi
Buyer sought for rare freehold resi development opp in Marylebone
Prestigious 27,000 sq ft block offered with consent for eight luxury apartments, including a standout penthouse.
£270mn in sales secured at ‘repositioned’ Mayfair scheme
Charles Leigh's team says Q4's standout performance at 60 Curzon 'sends a strong positive signal' for the wider PCL market.
PCL heavyweights to build London-UAE corridor for Sotheby’s International Realty
Knight Frank & Savills high fliers brought in to create 'specialist cross-border partnership' focusing on luxury transactions.
My Property Career: Quickfire Q&A with Sian-Louise Tangney
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
GII appoints agents to sell Marriott’s new luxury branded residences in Chelsea
Now fully complete, The Lucan is the first Autograph Collection Residences from Marriott International.
By PrimeResi
Leading luxury brokerage expands in the Cotswolds
UK Sotheby's International Realty has bolstered its country house expertise with a brace of senior appointments.
By PrimeResi
Revealed: What UK property professionals earn – and how it stacks up globally
UK real estate salaries rise nearly 10%, but remain well behind the US and Middle East.
In Pictures: British joinery firm completes ‘jewel box’ transformation in Knightsbridge
James Wellesley & Paulo Moschino unveil their artisanal reworking of a 'characterless' townhouse, reflecting a wider trend for luxury homes 'designed with soul'.
Global super-prime markets accelerate while tax drags on London
Just 35 US$10mn-plus sales leave UK capital seventh in Q4 rankings, behind Sydney, Miami & Singapore.
LATEST ARTICLES
In Pictures: £7.5mn North London sub-penthouse offered for ‘test-drive’
Marquee Chappell Lofts unit comes with £6,500-a-week try-before-you-buy option.
Savills boosts Spanish resi sales team
Agency says four new hires demonstrate 'commitment to building out further the Savills global residential business, not only in Spain but across the wider EMEA region.'
By PrimeResi
Veteran NW London agent joins expanding brokerage
Jignesh Mepani has moved to Harding Green after 18 years at independent firm Camerons Stiff & Co.
Central London developer flags off-plan ‘enthusiasm’ from student & domestic buyers
All of the apartments sold at Angel Village so far have been picked up by international students or domestic British owner-occupiers, reports Bentry Capital.
By PrimeResi
London’s prime rental market has slumped, but there’s a super-prime bright spot
Survey of the capital's luxury lettings scene reveals key trends, big deals & an out-performing neighbourhood...
By PrimeResi