Lettings Market Continues to Cool After the usual slowdown in demand in December, January is picking up, but demand remains lower than in the previous two years,...
In December 2024 we saw lower demand alongside higher rental prices. As the market typically slows during the colder months, a decline in viewing requests is expected at this time of year. We had 28 viewing requests per...
Lettings market similar to last year Nov We had 38 viewing requests per property in November, 10% lower than in Nov 23. London rents in October were down 0.8% from the previous month to £2,126 and down 5.1% compared to...
4.1% Drop in rental prices vs Oct 23 We had 56 viewing requests per property in October, 10% higher than in Oct 23 London rents in October were down 4.9% from the previous month to £2,144 and down by 6.8% compared to...
4.5% Drop in rental prices vs Sep 23 We had 62 viewing requests per property in September, in line with 65 last year Sep 23. London rents in September were down 4% from the previous month to £2,268 but up 3% compared to...
38% increase in tenant demand during Aug 24 We had 72 viewing requests per property in August, a significant increase from the last three months; however, this is still down compared to last year’s 84 requests. London...
Rental prices increase over last 3 months We had 52 viewing requests per property in July, the same as in May and June 2024; however, this is significantly down from last year's 93 requests in July 2023. London Rents in...
Rental pricing decreased year on year in June We had 52 viewing requests per property in June, consistent with May; however, this is significantly down from last year's 80 requests in June 2023. Rents in June within...
We continue to see signs of a cooling rental market We have seen 52 viewing requests per property in May, down from 62 in April, following a similar trend from last year of a quieter May before the summer months....
Rents continue to fall We continue to see a fall in rentals within London, from an average of £2,219 last month to an average of £2,115 in April, a 5% drop, with 2-bed properties experiencing the most significant...
As we flagged last month, we expected to see the growth in rental pricing slow. In fact we have seen a fall in London rental levels from an average of £2,261 last month to an average of £2,219 in March. This is a 2%...
Throughout February 2024, we saw much lower levels of viewing activity with 40 viewing requests per property, a 38% reduction from February 2023 and the lowest level we have seen in the last two years. In February 2024,...
Coming out of the slower November and December months, we have seen average rental prices increase in January. As widely reported elsewhere, there has been a reduction in tenant demand with Rightmove reporting average...
The National LIS Awards celebrate the shining stars of the UK property sector - from property technology companies and letting agents to property finance and legal service providers. The awards were judged by well-known...
We've run the numbers and it's crazy but true – London's landlords are wasting up to £1bn a year paying unfair tenancy renewal fees, when renting their properties through high street letting agents. There are over one...