Significant Increase Reported In New London Property Rental Agreements
Finefair note positive growth in the London rental market, with both viewings and rental agreements increasing
Finefair, the leading name for a comprehensive range of property services in London, has noted an increase in activity in the rental market sector. Whilst there are a number of reports which suggest certain factors could have a negative bearing on the market, at present the indicators all strongly suggest that demand levels have not fallen. London remains, as has been the case for many years, one of the most sought after cities in the world for living space and residential accommodation.
Figures released during August 2016 showed that there had been a year-on-year, month-for-month increase of 16% in properties being viewed across London. This led to an increase of new rental agreements being entered into by some 3%. The information made available is based on a survey of London rental property priced between £500 and £5,000 per calendar week.
The demand for rental property in London has taken some by surprise, as many predicted an immediate slump post-June 2016. This was not a view which Finefair expressed. Through their dedicated services, and as a consequence of their preferred supplier status with the leading London Boroughs, Finefair always remained confident that demand for property would outweigh any possible negative factors. The first test of this confidence has clearly been passed.
Outside of the indicated price range for the rental properties considered, the study found that the increased figures were consistently spread across all of the London Boroughs. This is to say that there was not one area of London that experienced a higher demand, something which could distort the statistics. With the continued work on upgrading commuter links and demand exceeding supply, it is not the case that any area of London is excluded by those seeking residential property to rent.
With more than ten years of experience in the market, Finefair have become the leading choice for London property investors seeking to secure the most assured yield possible. The team has a proven track record for success in property matters such as private rental agreements and building management. Finefair were also at the forefront of introducing the guaranteed rent agreement system to London, making sure it performs as successfully for investors in the UK as it does around the rest of the world.
Finefair provide a complete and comprehensive range of property services across all of the London Boroughs.
Aug 18, 2016