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The Latest Breaking News from Foxtons

London on the brink: how the rental crisis is killing the capital – and how to fix it

With rents eating up to 85 per cent of their income, tenants facing being forced out of the capital are searching for solutions

Evening Standard

Property market ‘turns a corner’ a year after mini-Budget

However, last month the number of homes listed for sale in the capital rose to 101,457, slightly above the level recorded in September 2022

Evening Standard

London sees ‘record-breaking surge’ in rental prices as house prices dip

Rising rental prices in London continue to break all records as house price growth falls, data shows

Evening Standard

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Annual house price growth slows amid record jumps in rental prices

Property values increased by 0.6% annually in July 2023, compared with a 13.8% annual rise in July 2022.

The Independent UK

London homes in catchment areas: 10 properties for sale near top London schools

Beat shifting school catchment zones by going hyperlocal — these family homes are all within a five minute walk of an ‘outstanding’ secondary

Evening Standard

One room wonders: 10 of the best London studios for sale for less than £300,000, from Bow to Bounds Green

From balconies and partitioned bedrooms to a private entrance, the right perks can turn a compact home into dignified digs

Evening Standard

London rents will keep rising even as property prices fall, top estate agent Foxtons says

“The shortage of rental properties means that finding somewhere to live is an ordeal for tenants but it’s a dream for Foxtons,” one expert said

Evening Standard

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Here’s what the average London house price buys in every borough

From Soho apartments to suburban family homes, here’s what the average London asking price buys in your area

Evening Standard

Average UK house price in April was £7,000 lower than last September – ONS

The average UK house price was £286,000 in April 2023, which is £9,000 higher than 12 months earlier, the Office for National Statistics said.

The Independent UK

Poundland replacing posh estate agent sparks row as resident calls it 'disaster'

The arrival of a Poundland in an exclusive London neighbourhood has led to a fierce debate ranging from residents calling it a "disaster" to one saying "what is the problem with it"

Daily Mirror

Struggling London renters warned ‘people are going to have to move out’

Foxtons chief executive Guy Gittins told the BBC’s Today programme that the situation in the capital was so ‘dramatic’ it meant people would need to compromise on location

The Independent UK

UK house prices rise as mortgage rate cuts lift confidence

Average monthly increase of 1.1% to £285,476 in February, after falls in previous two months, says Halifax

The Guardian - UK

Dexters snaps up rival Marsh & Parsons in £180m deal

Combined group “will be London’s biggest estate agency chain.”

Evening Standard

Londoners facing squeeze as rental prices surges by 22%: ‘It is alarming’

Londoners trying to find a rental property in the capital are now facing record average prices of £571 a week, new research has shown. According to data from Foxtons, rents in the first nine months of the year have risen by 22 per cent since 2021. Property website, Rightmove has…

Evening Standard

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The Guardian - UK

High-rise mortgage costs see surge in rents across the UK

House prices may be falling as interest rates climb, but there’s no respite for tenants as property shortages bite

The Guardian - UK

Demand for rental homes in UK up by 23% in a year, as rents hit record high

Competition among tenants for properties intensified by potential buyers delaying plans and lower supply of smaller homes

The Guardian - UK

Foxtons reports 25% rise in revenues but tougher 2023 lies ahead

Estate agent’s results come as report predicts UK mortgage lending is heading for big slump

The Guardian - UK

Average London rent hits record £553 a week amid property shortage

Estate agents Foxtons says an average of 29 renters competed for each property in September

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Evening Standard

Average London rent reaches ‘extremes’ at £553 per week record high

Data from Foxtons unveils almost 30 applicants for each property as housing supply restricts

The Independent UK

Average UK house price sees biggest annual rise in 19 years

The percentage increase was around double the rate recorded in June

Evening Standard

Average UK house price leaps by 15.5 per cent annually in biggest jump for 19 years

The annual increase was the biggest since May 2003, according to the Office for National Statistics

Wales Online

House prices jump by biggest amount in 19 years

It was around double the increase seen a month prior

Daily Mirror

Fury at £1,300 studio flat with tiny kitchen and 'hidden toilet and shower'

The property located in Pimlico, a desirable area of Central London, is said to come with all the essentials - but initially it is tricky to find where the toilet, shower and kitchen are

Evening Standard

Rents set to stay at record highs in London

New listings fall 40% in a year says Foxtons survey

Evening Standard

London estate agent Chestertons appoints Ennis CEO

He replaces Guy Gittins who moved to rival Foxtons as boss

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