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Since 2022, the cost of living across the capital has risen sharply. For both renters and homeowners, the financial burden of securing a place to live has grown considerably driven by inflation, higher interest rates, and a surge in post-pandemic demand.
While national headlines often focus on mortgage rate pressures, the reality for renters particularly in prime central areas like Westminster and Pimlico has been even more striking. According to recent analysis from Zoopla and the ONS, rents have increased by an average of £221 per month since 2022, slightly outpacing the rise in mortgage costs over the same period.
In this report, we examine how those shifts have played out locally, looking at how rent and mortgage payments compare today for 1, 2 and 3-bedroom homes in Westminster and Pimlico, and what it all means for buyers weighing up their options.
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June 2025 has marked a steady transition into the summer market for Pimlico and Westminster, with local activity remaining encouragingly robust against a backdrop of wider economic caution. Both the sales and lettings markets continue to show healthy levels of demand, although buyers and tenants alike remain price-sensitive and highly selective. If you’re a homeowner or landlord in SW1, read on for this month’s insights and find out why listing now could help you make the most of Westminster’s resilient mid-year momentum with Tuckerman Residential.
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May 2025 saw Pimlico and Westminster’s property market continue to defy wider market jitters, with steady momentum in both sales and lettings underpinned by resilient local demand and realistic pricing. Activity across both sales and lettings has remained brisk as we move into the summer months, with realistic pricing and high-quality stock continuing to attract committed interest. If you’re a homeowner or landlord in SW1, read on for the latest trends — and discover why now could be an opportune moment to bring your property to market with Tuckerman Residential.
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The residential property market in Pimlico and Westminster remained robust in April 2025. Below we break down the latest Sales and Lettings trends in these prime London areas, with comparisons to last month and last year. Both segments show a resilient market with active buyers and tenants, albeit with price-sensitive behavior and some shifts since 2024. If you’re a homeowner or landlord in SW1, read on for key insights – and find out why now could be a smart time to list your property with Tuckerman Residential.
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The Renters’ Reform Bill, currently under detailed scrutiny in the House of Lords, marks one of the most significant shifts in private rental legislation in recent decades. The Lords’ first day of committee discussions revealed clear intentions, a variety of concerns, and areas where further review is promised. Here’s what UK landlords need to know:
