Foxtons January 2024 data shows a 25% rise in new lettings listings and a modest drop in rental prices, hinting at a stabilising London rental market.
December's lettings data reveals a more balanced market in London, marked by a rise in available properties and a drop in renter demand
Research by Foxtons shows Mayfair and St James’s leading in prime London for the largest homes on sale, with an average size of 166.5 square metres.
Research shows that over the past 12 months (April 2022 to March 2023), some 81,875 homes have sold across the capital.
Research shows that when it comes to the most prestigious London landmark from a property value point of view, it’s the Royal Albert Hall that sits top.
Figures from Foxtons suggest a shift towards a more standard market pattern, with a notable increase in available properties as summer 2023 draws to a close.
Applicant demand in August increased 6% month-on-month, reaching the largest volume of registrations for 2023 so far.
Foxtons, the London-based estate agency, has reported strong financial performance in 2022, driven by significant growth in non-cyclical, recurring Lettings revenue.
Average rental prices in London reached a new record high of £571 per week in October, breaking the previous record of £553 per week in September 2022, the latest Foxtons Letting Market Index reveals.
Rental rates reached their highest ever weekly price this September as demand continues to surge in London, according to Foxtons.