PCL’s altered rental market in eight charts

“Anyone worried about the future of city life should take reassurance from the 21% increase in under 30-year olds starting new tenancies compared with the same period prior year,” notes the CEO of London Central Portfolio.

Upsizers boost larger home prices to a record high

Agreed sales of detached 4+ bedroom houses more than doubled from August 2019 to August 2020 (+104%), reports Rightmove. Sales of other three- or four-bedroom homes were up by 55%. Transactions involving smaller homes (two or fewer bedrooms) also increased, but to a much smaller degree (+36%).

UK house prices hit a four-year high as demand for outside space continues to climb

“The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months,” says RICS’ Chief Economist Simon Rubinsohn. “More of a concern is the pick-up in prices which could intensify issues around affordability in some parts of the country.”