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Chestertons latest property market forecast reveals price predictions for the next three years for both the London sales and lettings market. Report highlights include: Rents in London to continue to grow by up to 4.7% over 2023, before plateauing in 2024. Property prices in London’s sales market to remain largely flat in 2023 as homeowners adopt a ‘wait-and-see’ approach for the first half of the year. Prime London should outperform the mainstream market for the next 18 months with prices in this segment to rise by up to 6% before slowing in 2024. Mortgage rates to drop in 6-10 months.
Chestertons was awarded Gold for Large Lettings Agency of The Year and Silver for Large Estate Agency Of The Year at the prestigious Negotiator Awards. The judges were particularly impressed that an agency of Chestertons size had such strong eco-credentials and community spirit. Noting Chestertons to be a firm that is clearly not standing still, and continues to grow both in short lets and portfolio landlords. John Ennis, Chestertons CEO “I have seen so many amazing, generous, and happy people give their time, love and energy in so many ways. And now we get acknowledged as Lettings Agency of the Year - we’re building something special here at Chestertons”.
Tenants Facing Tougher Competition
We predict London property prices will continue to rise as buyer demand remains high at the start of 2022.
Chestertons has helped launch the Accessible Lettings Scheme - an exciting new initiative aimed at helping ‘level the playing field’ for disabled tenants.
Chestertons and the Chestertons Foundation are proud to announce our latest charitable partnership with environmental charity Ocean Generation.
Following a month-long winter coat drive at Chestertons, we have been able to donate over 5000 donated coats and jackets to charity Calling London. Every donation will now be distributed to over 30 charities across London to help keep people warm this winter.
We are very proud to announce that we won the ‘Private Sector Car Fleet of the Year' award at the GreenFleet Awards in recognition of converting our entire car fleet to electric vehicles in a little over 18 months - a first for the property industry!
