Rents rise in the prime commuter belt but fall in London, as tenants ‘make real lifestyle changes as a result of Covid-19’
Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years. Leafier locations outside the capital, meanwhile, are set for 3.5% growth in 2020, and +11.5% by the end of 2024.
Prime London rents rise at fastest rate since 2011
“It’s been an extraordinary period for the whole market in PCL,” says David Mumby, head of Prime Central London lettings at Knight Frank.
Rural rents rise as cities fall – Hamptons
Average rents in the countryside have risen by 5.5% in the last year, reports Hamptons, while city rents have fallen by 5.3%.
Prime Central London ‘has now bottomed out’ – Savills
Back to work plans are boosting demand for town and city homes, says Savills, but the country house and coastal property markets are still riding high.
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Knight Frank boosts billionaire division with Head of Global Private Capital
International property consultancy rolls out new strategy to 'align its capabilities across super-prime residential, global capital markets & capital advisory.'
Luxury property developer scales up with five senior hires & new HQ
Valouran’s founders say the business has reached a ‘pivotal juncture’ as its PCL pipeline builds.
Top-end estate agency to list property prices in Bitcoin
Cryptocurrency pricing 'offers an engaging and modern lens through which to view property values,' says Moveli.
In Pictures: Kelly Hoppen picked to design £38mn ‘quinque-plex’ penthouse at Thames City
Excel Winner's near-10,000 sq ft 'sanctuary in the sky' is one of the largest & highest homes currently available in London.
D&G recruits self-employed brokers in Dulwich, Fulham & Balham
Estate agency reports 'strong early momentum' in its search for 50 new partners this year, with new joiners moving from Winkworth & eXp UK.
International estate agency adds two senior recruits to fortify global network
Sarah Kemp & Yulia Klim have joined Chestertons Global to manage marketing & the affiliate network.
‘Extraordinary’ Cotswolds development opp offered for sale
Agency lists rare chance to create a 9,500 sq ft contemporary super-home in an Area of Outstanding Natural Beauty.
Property firms strike gold at Chelsea Flower Show
Big wins for London Square & Hamptons as sponsored gardens take top honours at star-studded showcase in SW3.
‘This could be the moment to act for global investors’: Evaluating the UK’s prime residential markets in an era of uncertainty
Middleton Advisors & Yolande Barnes explain why the stage is set for a renewed influx of overseas investment in PCL & country markets.
RBKC property prices sink to 11-year low
Analysis by the Financial Times shines a light on prime London's long-running property slump.
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Landlords face new rules under major Westminster licensing drive
Rollout aims to raise housing quality - and regulatory scrutiny - across 15 of 18 wards, including prime hotspots.
RBKC property prices sink to 11-year low
Analysis by the Financial Times shines a light on prime London's long-running property slump.
£17.25mn Little Venice villa finds a buyer
'Totally unique' residence facing the Regent's Canal is one of the area's finest, say agents.
Design studio Sims Hilditch shifts to partnership model
High-end firm says 'progressive' leadership reshuffle reflects evolving client needs & will future-proof the business.
In Pictures: Stanley Kubrick’s former Hertfordshire home listed for £6.95mn
Savills is pitching Abbots Mead as 'a wonderful opportunity to own a true piece of filmmaking history that helped shape some of the most iconic films in cinema.'