x
By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards

TODAY'S OTHER NEWS

London still in the slow lane while rest of market accelerates

The latest study from the Royal Institution of Chartered Surveyors shows a strong lettings market across the UK - except in London.

“London now stands out as the only area in which a negative trend in tenant demand was cited in September” says the study. 

RICS says the recent dip in demand has been reflected in short-term rental growth expectations across the capital - the vast majority of London surveyors responding to the study anticipate rents will fall over the next three months.

Advertisement

“By way of contrast, the national three-month rental expectations indicator returned a positive reading of plus 19 per cent” says RICS.

In the sales market the RICS survey points to further buoyancy in the market, as more people look to move, driving prices higher. 

However, respondents say this is likely to be a short term boost as the outlook ahead points to a more subdued market as job losses and the scaling back of policy initiatives will start to impact transactions.

icon

Please login to comment

MovePal MovePal MovePal
sign up