‘Significant slowdown’ expected for prime London rents next year
Escalating costs of living and inflationary pressure are likely to slow the pace of prime rental price growth down in the coming months, says Savills - but the firm has still upgraded its five-year price forecasts, as LonRes data tells of drastic slump in activity driven by low supply.
Prime Central London rents set to rise 10% this year, predicts Strutt & Parker
Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London's lettings market as tenant demand outpaces rental supply.
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.
Super-prime property market activity hits six-year high in London
“Property’s reputation as an inflation-hedge gives it extra appeal, while the prospect of rising borrowing costs is injecting a degree of urgency into the market across all price points,” says Rory…
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New leadership for the Savills Private Office
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Jennings steps up to lead Chestertons’ resi business
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Grade II listed stonker on Blomfield Road is the complete package, say agents.
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Agent showcase marks next sales push at The Lucan
Chelsea’s Marriott-branded residences enter final release with more than half sold.
The main risk for the housing market now is political – Knight Frank
Lower mortgage rates should underpin demand, but this week's by-election outcome may shape sentiment, explains the agency's head of UK resi research Tom Bill.
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