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Rental growth still slowing in prime London as stock levels recover
18 hours ago · The stock of available homes to let is recovering steadily but remains a long way off pre-pandemic levels. For prime London across all price points the number of properties available to let were 0.8% higher at the end of October …
Rents - how will they change by 2027? - Letting Agent Today
3 days ago · 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. Lettings agency Hamptons, part of Connells, says that average rent on a newly let ...
It’s Back – London lettings market returning to equilibrium
The London rental market is shifting towards equilibrium for the first time since the end of the pandemic, according to Foxtons. In line with seasonality trends, October saw an average of 14 renters per new instruction, in comparison to 23 renters per …
Lettings market strong – and even London recovering a little
Regions in the southern half of England have continued to drive rental growth. The average rent on a new home rose 14.8 per cent in the South West, 14.7 per cent in the South East and 10.8 per cent in the East of England.
In recovery – good figures from London’s rental market
Data from central London lettings agency Bective shows returning tenant demand in the capital. The agency’s analysis of new lettings applicants shows that in the six months between October 2020 and March of this year, the number of new applicants climbed by 34 per cent when compared to the previous six months.
Boom: new figures show rental market rising 8.5% a year
The firm says four of the 10 fastest months for rental growth over the last decade have been since the onset of the pandemic. Stock scarcity has become a pressing issue, with 46 per cent fewer homes on the market than at the same time two years ago.
Three-and-a-half year low for central London rental growth
3 days ago · Average rents in prime central London increased by 1% in the year to October, which was the lowest rate of growth since July 2021. The equivalent rise in prime outer London was 2%, down from 8.3% in the same month last year. The figures come from Knight Frank, which says lower rental value growth ...
RICS says lettings optimism rising despite supply-demand mismatch
The institution says that nonetheless there appears to be a greater level of positivity in the lettings market, likely connected to recent interest rate cuts by the Bank of England and a growing belief that more will come in the next few months.
Here’s why the rental market is likely to boom in the long term
That’s an average annual growth of 3.5 per cent. Meanwhile the average salary for full-time employees increased from £33,644 to £38,600 in the same period – annual growth of 2.7 per cent.