John Lewis submits £500m London planning bid for 800 homes – but questions remain about affordability June 30, 2023 John Lewis is pressing on with its shift away from the high street and into residential property by submitting initial planning applications for new ‘build to rent’ homes in the capital The hard-hit retailer submitted proposals for nearly 800 rental homes on London sites in West Ealing and Bromley, with plans for a site in [...]
Rental market boom may be on the horizon as homebuyers struggle November 26, 2022 As the property market continues to stutter, the nation’s rental market is set for a boom, as historic housing market trends show that a decline in property sales also leads to a boost to private rental market stock, a leading City fund manager told City A.M. this weekend. Sales and rental markets during the economic [...]
After record rises, London rent hikes ease off April 15, 2024 Rents on private properties in London showed signs of cooling last month, according to a new report, offering a glimmer of hope for the sector after a torrid year.
Renting office space near Monument is second most pricey in London Zone 1 – but what’s top? July 17, 2023 Renting office space near Monument station in the heart of the City means you’ll be forking out the second-highest rates in London’s zone one, new research has claimed. The figures from office rental agency Freeofficefinder shows top of the list is the Victoria area with average rents of approximately £900 a week for private office [...]
Retail giants have an opportunity to plug the holes in a disjointed rental market November 8, 2022 For many people up and down the country, their ability to stay in their home is in peril. And this isn’t about mortgages. Rents have jumped steeply this year and many are forced to move as a result. Others will be forced out because of the collateral damage of landlords not being able to pay [...]
House prices fall as rents skyrocket by 9.2 per cent and outstrip wages April 17, 2024 UK house prices fell by the least in eight months when the figure edged down by 0.2 per cent on an annual basis in February, against a 1.3 per cent decline in the previous month, the latest reading from the ONS has found.
Explainer-in-brief: A crisis of affordability stretching to social housing January 18, 2023 Why on earth is housing so expensive in this country? This is a question that everyone in the rental market – especially in London – has asked themselves more than once. In both the private and social sectors, rent is the highest it’s been for decades as a share of tenants’ income. Understanding how we’ve [...]
Shack up or ship out – why London’s rental market is no place for singles May 23, 2023 London’s notoriously cut-throat rental market has long lured couples into cohabitation in desperate efforts to save costs as opposed to it being the next natural step in the relationship. However, over the past 12 months a cocktail of shrinking supply and rising rents has made trying to find a home or even a room in [...]
London tenants continue to suffer as rent reaches £597 per week August 14, 2023 The amount Londoners fork out on rent grew 12 per cent year-on-year in July, new figures show, topping £597 per week. According to data from London estate agent Foxtons, July saw an average of 21 rental applicants per new home arriving on the market, an 18 per cent increase month-on-month, however a 12 per cent [...]
Not one London MP would prioritise build-to-rent properties October 11, 2023 Not one London MP would prioritise build-to-rent properties in terms of housing options, despite almost half of them located in London.