Stock drought fuels rent inflation outside London
Half of landlords reletting their property increased the rent this year, says Hamptons; that's the highest figure since 2016. In London, however, only 37% of landlords were able to raise rents.
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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.
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.
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Prime London transactions up 14% as more buyers come off the sidelines
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