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OPINION - London’s Lettings Market is predictable again, but will …
1 天前 · When comparing London’s rental market in 2024 and 2023, the most striking thing is the similarity between the two years. On the demand side, the number of new prospective tenants was 0.6% higher last year than in 2023, Knight Frank data shows. Viewings were down 0.2%, while the number of tenancies ...
Room rents fall in London and stabilise across rest of UK
1 天前 · The UK rental market is showing signs of stabilising after a chaotic few years, as rent hikes slow across the country. That’s the view of flat-sharing website SpareRoom which says London is the only UK region where rents actually fell in the fourth quarter of 2024 – the average room rent in London decreased by 2%, from £1,015 in Q4 2023 to £993, markingthe most significant drop in London ...
Rents drop in recent weeks but are up over the past year
5 天之前 · Rents in England dipped again in December, according to PropTech service Goodlord. It’s the fifth consecutive month of rental cost reductions. The decline follows a record-breaking summer of price rises. Overall, December rents were down by nearly 2% month-on-month, meaning rents last month were a ...
Rents to rise 18% in next five years – and maybe more
As a result, properties are letting 20% faster in 2024 to date than during 2018/19, and there is further upward pressure on prices. “High demand and low supply have been the influence behind the significant rental growth seen over the past few years.
Rents - how will they change by 2027? - Letting Agent Today
The rental market has experienced cooling growth rates following record peaks in 2023. Despite this slowdown, rental growth is still outpacing inflation, with both the costs of new contracts and renewals rising.
Rents still rising but growth cooling according to Connells data
The average rent for a newly let property in Britain hit a high of £1,384 pcm last month – but the pace of growth is cooling. That’s the verdict from Connells’ high end brand Hamptons.
At last! Agents report increased rental supply as market stabilises ...
Latest figures from Propertymark show a distinct drop in demand from prospective tenants. The trade body’s latest market snapshot refers to the end of October and shows that new tenants registrations per Propertymark branch dropped to 93, compared to 113 in September 2024
Stamp duty hike leading to renegotiated prices on buy to lets
A leading agent says the stamp duty hike on additional homes from 3% to 5% announced at the Budget has triggered renegotiations on prices of homes on sale.
Record rents as lettings sector braces for Budget impact
Average advertised rents outside London hit a 19 th consecutive quarterly record of £1,344 per calendar month (pcm), says Rightmove.. This was up 5.2% from last year, although this is the slowest rate of growth since 2021. London rents also hit a new record at £2,694 pcm, 2.5% higher than last year (£2,627 pcm)