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.
“It’s been an extraordinary period for the whole market in PCL,” says David Mumby, head of Prime Central London lettings at Knight Frank. “A g
Average rents in the countryside have risen by 5.5% in the last year, reports Hamptons, while city rents have fallen by 5.3%.
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.
Companies in this articleSavills
A panel of property and luxury lifestyle insiders address the shifting wants and needs of China's richest people when it comes to international investment, real estate and wealth matters - including insights…
Handsome Victorian semi on Lyndhurst Road was Richard Burton's London home when his affair with Elizabeth Taylor began.
Inside an Elm Park Road townhouse reworked by the world-famous design studio.
CBRE and Beauchamp Estates are about to launch sales at Three Kings Mayfair, for JV developers 1.61 London, Urbanwise and Valpre.
All 28 units at Third.i's The Doulton will have direct views over the Thames and access to 'first-class' amenities.
Almacantar reports strong interest from domestic and international buyers across its West End portfolio.
High-end specialists from Savills summarise the key drivers shaping the PCL lettings & sales markets this year.
Ahead of the anniversary of the infamous ‘mini-budget’, Strutt & Parker's Kate Eales looks back on a tough 12 months for the UK housing market - and explains what we've learned along the way...
By Kate Eales
Boutique development on Mount Street houses four luxury apartments designed by Rigby & Rigby, plus some retail and office space.
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Global housing bubble risks deflate – but ‘the seeds for the next property price boom have already been sowed’
Only two global cities are now at risk of a housing bubble, says UBS, down from nine cities a year ago thanks to 'house price corrections across the board'.
The new 'Teams' initiative is 'the next step in the evolution of the self-employed model,' says estate agency boss Adam Day.