Three rental market trends to watch in 2024
As rents continue to rise, Rightmove has flagged stretched affordability, the Renter’s Reform Bill and a balancing act for landlords as the key trends to monitor in the year ahead.
‘Rental growth has now peaked and we expect a major slowdown in 2024’, says Zoopla
'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'
Traditional seasonal trends return to the rental market as ‘landlords remain confident in London’s unfailing appeal’
Tenant demand has fallen sharply in the last month, prompting Foxtons to herald 'a shift towards a more balanced market' in the capital.
Housing market activity ‘unlikely to shift up materially in 2020’ – RICS
Surveyors predict 2% growth for UK house prices this year, but no improvement in transaction volumes
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Luxury property agency targets global UHNWIs with new ‘billionaires’ division’
Elite arm of UK Sotheby's International Realty will offer super-rich clients access to off-market trophy homes, fine art, jewellery & classic cars.
Knight Frank names new Heads of London Prime & Super Prime Sales
PCL promotions for Stuart Bailey & Charles Olver.
Boutique Knightsbridge agency acquires longstanding Chelsea firm
NVP has added lettings & management company HLR to its stable & is on the lookout for further acquisitions.
BNP Paribas looks to sell Strutt & Parker – report
Reports suggest the French banking group 'has begun sounding out buyers' for the 130-year-old UK estate agency.
Major estate agency group reportedly hits the market
Lloyds Bank-backed Lomond Group could be valued at 'well over £100mn'.
First Look: Reuben Brothers reveals luxury apartment scheme at £1bn Piccadilly Estate project
Boutique AHMM-designed development is delivering nearly 30 new residences as part of a huge transformation underway in London's most prestigious district.
In Pictures: High-profile Belgravia mansion hits the market at £23.5mn
Storied Lyall Street residence is 'one of the finest houses in the district', say agents.
Côte d’Azur landmark emerges as £300mn luxury resi scheme
London-based developer Caudwell is transforming a famous former Art Deco hotel into 39 ultra-luxe residences.
Law firm toasts super-prime success at Chelsea Barracks
Global firm has advised on over £140mn of sales at the top-end resi project in recent months.
US super-broker reveals secrets of his success
'I just announced it on a Monday and I let everybody ask. How do I buy it?' Ryan Serhant explains how he pulled off the record-breaking launch of Mercedes Benz Places in Miami.
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First Look: Reuben Brothers reveals luxury apartment scheme at £1bn Piccadilly Estate project
Boutique AHMM-designed development is delivering nearly 30 new residences as part of a huge transformation underway in London's most prestigious district.
Ranked: The world’s 50 wealthiest cities in 2024
London has lost 10% of its high net worth population over the last ten years, pushing the UK capital down to fifth place on a list of the world's most millionaire-heavy cities.
600 new towers set to transform London’s skyline amid ‘huge changes’ for tall buildings
But 'momentum has slowed considerably' for high-rise residential development projects, says NLA.
Weekly Showcase: Ten featured prime resi listings
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Rightmove reports increase in agent numbers
'We continue to expect a better year for the UK property market in 2024 than in 2023,' says property portal chief Johan Svanstrom.