Rents tick upwards in Prime London as landlords brace for policy changes
The lettings market is 'largely in a holding pattern,' but corporate & super-prime tenant demand stays strong.
Prime London rents are now more than 30% above their pre-pandemic average
Annual growth moved upwards to 2.6% last month, reports LonRes.
Upwards pressure on rents may return if more landlords sell, warns agency
Knight Frank reports 'significant increase in market appraisals and listings from clients who have residential lettings portfolios' in Prime London, as Budget speculation mounts.
Prime London rental growth hits 5% as supply slumps
The total number of properties available to rent at the end of last month was nearly 50% lower than five years ago.
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Luxury brokerage recruits two high-flying West London specialists
Euan Rollo was previously a Director at Savills in Notting Hill; Adam Andersson Broholm was a Partner with Knight Frank in Chiswick.
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Eight big themes, six key takeaways & a digest of super-rich numbers from Knight Frank's flagship research offering.
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$550mn Monaco deal could set new global home sale record
Details surface around a transaction in the principality’s ultra-prime Mareterra enclave that would rank among the largest ever recorded.
Sales hit halfway mark at luxury Kensington scheme
Residence One says its Allen House project has 'consistently outperformed other schemes'
Savills reports flurry of £10mn-plus country deals
Agency tucks away £112mn worth of super-prime country piles as HNW buyers make their move.
Boutique agency lines up another Beaufort Gardens double building at £19.5mn
Working with Knight Frank, Maskells picks up trophy instruction near Harrods after marshalling similar sale last year.
In Pictures: Berkeley launches ‘jewel in the crown’ at King’s Road Park
Flagship phase of SW London regen scheme to deliver 143 apartments across two Foster + Partners-designed buildings.
Nearly 1,700 PCL homes relisted or repriced as sellers struggle to secure buyers
AgentWise analysis finds 790 Prime Central London homes back on the market and a further 893 with reduced asking prices; Marylebone, Kensington and Chelsea among the most affected areas.
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Chestertons reports 21% drop in London buyer enquiries
Uncertainty hits early-stage demand, says major agency, but deals still getting done; 'fairly sharp rebound' possible if rates settle.
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Required Reading: The Renters’ Rights Act is (nearly) here
Next week marks the start of 'new age' for the private rented sector, says Jessica Tomlinson of Savills, as she walks us through what incoming legislation means for top-end tenants & landlords.