London
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Housing Market
Estate agency warns of ‘very tough lettings market’ for tenants
Chestertons says tenants must be prepared for the worst this summeer with branches already carrying out 24% more viewings in May and receiving 29% more offers from tenants.
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Latest property news
Call for two-year rent freeze as London rents ‘spiral out of control’
London Mayor Sadiq Khan warns that out-of-control rents are increasing risk of homelessness as 160,000 Londoners fall behind with payments.
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Housing Market
London PRS growth slows but ‘rents remain high’
Demand remains high for rental properties of all sizes in London and supply continues to be lower than demand but there are also signs that the market is stabilising.
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Latest property news
Average rents outside London pass £1,000 per month for first time
Over the last year the average rent outside the capital has risen 7.8%, which puts it 26% higher than on the eve of the Covid pandemic in February 2020.
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Housing Market
London rental costs much higher than official figures show
Based on the average asking rent of properties currently available on the market, the actual average cost of renting in London is £2,285 per month.
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Movers & Shakers
No. 13 proves lucky for Martyn Gerrard
North London estate agency, Martyn Gerrard, has expanded its operation with a 13th branch at The Green on Winchmore Hill.
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Housing Market
£5m+ sales performed best in London last year ‘despite mini-budget’
The top end of London’s property market recorded the strongest performance in terms of sales during 2022 with sales 63% higher than their pre-pandemic average.
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Regional Reports
London, Hampshire and Oxford
This month we meet members of The Guild of Property Professionals in London, Hampshire and Oxford.
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Regulation & Law
Agents facing tougher enforcement by councils this year as fines hit record
Total fines for London’s letting agents and landlords have increased by an average of £90,000 per month in 2022 latest analysis from Kamma has revealed.
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Housing Market
Landlords slam Mayor Sadiq’s summit before it’s even started
National Residential Landlords Association says its disappointed London Mayor Sadiq Kahn thinks he can solve challenges without any input from those who actually provide the homes.
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