Surging tenant demand pushes London to ‘the most competitive rental market in recent history’
“We have certainly seen the most competitive rental market in recent history over the past six months," declares Richard Davies, MD of Chestertons, while Benham and Reeves boss Marc von Grundherr warns "the London rental market is now rebounding at an alarming rate."
‘Most competitive rental market ever’ drives record rental price inflation
Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital.
Prime London Market Snapshot: Tight supply & returning demand push prices & rents up in PCL
"The property markets in central and outer London are increasingly on different trajectories," says Knight Frank, as the latest market indices shine a light on sales and lettings trends.
PCL has ‘turned into a landlord’s market in recent weeks’, as tenant demand surges by 73%
A top estate agency has reported the highest number of new prospective tenant registrations in five years - topping previous records set in June and July this year.
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Call for urgent demand-side stimulus as worst-case risks emerge for London’s new-build pipeline
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OB Private scales up with senior hires & new brokerage arm
Six new recruits arrive - including an established team from Chestertons - as PCL agency rolls out broker platform alongside employed structure.
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Big-ticket refinancing was agreed in only three weeks.