Our performance so far this year points to an ongoing strength in rental demand, with an increase across all recorded metrics compared with the same point last year. 

Underpinned by low stock levels, particularly for furnished 1 and 2 beds, this sustained demand is welcome news considering the current mortgage climate and rising costs across the board. This, combined with high inflation and wage growth, will continue to exert upward pressure on rents, particularly for new lets, in the short term.

Further, against the backdrop of a challenging sales market where price expectation is not always being met, many who have considered selling have sought the security that the current rental market in London is offering. 

Build-to-Rent schemes are becoming more ubiquitous across the capital but it will likely take time for this to have a significant impact on the imbalance between supply and demand for quality rental housing. 

Whilst there are always variances depending on location and price range, generally we do not expect rental requirements or price growth to slow dramatically in the short to medium term. 

Our latest research report on the London New Build Market points to a slowdown in construction starts which will likely result in a shortfall in housing over the next 3 years.  

Following the removal of help-to-buy, overseas buyers continue to make up a greater proportion of new build sales.

Against the backdrop of a high inflation, high interest rate environment, pricing is a key factor in the success of sales schemes.

Tower Hamlets council have approved planning permission for a 23-storey vertical campus in Canary Wharf.  With energy efficiency being at the forefront of it’s design, it will be one of the most technologically advanced buildings of it’s kind.

Scheduled for completion in 2027, this building will cement Canary Wharf’s place as a growing hub for life sciences.  

This project is further evidence of Canary Wharf diversifying away from office space.  Whilst it already has huge appeal with bustling restaurants, shopping and entertainment – residents and owners have further reason to be excited about the future of E14.

Rents have increased by as much as 15% in London over the past year as high demand and squeezed supply looks set to continue. 

Have you reviewed the rents on your portfolio recently?  

Perhaps you have properties approaching renewal dates and you’d like a second opinion?  

Get in touch for a portfolio review with CBRE, or if you’d simply like some advice on how to get the most out of your assets.