Is the Central London Market Moving?
Prior to Christmas, London was full.. Greater London Properties report on how the market has changed for Central London Landlords..
We reported prior to December 2021 that London was officially full with renters holding on to their homes either sitting on a low rent secured during the pandemic or simply worrying about another lock down. Unsurprisingly, with a lockdown looking less likely and borders becoming easier to navigate, we’re seeing flats coming to market at a rental price higher than pre covid.
Overseas students and business travellers, who have been unable to travel in the past year tell us that their ‘appetite for London remains strong’. Some have made difficult trips to view properties whilst most of our international renters are making offers on the back of virtual tours.
With prices high, we are seeing clients very much focused on the best opportunities in terms of quality, privacy, convenience and amenities. Properties that are hugely popular at the moment are those with additional space for home offices plus outdoor gardens and balconies. Lifestyle and comfort are prioritised.
With Sales prices in Central London set to increase in the next few years and potentially outperform the wider UK property market, it has never been a better time to be a Landlord or to start investing in the market. If you are looking for an investment home, do email our sales team who can advise further.
Our advice to all our Landlords is to make the necessary upgrades on your properties in order to make the most of this particular market and secure a high rent for the next 12 months onwards. It is most important than ever to know the rental valuation of your property, we would be happy to organise this for you, just call our team on 0207 734 4062.
We also offer a full Property Management Service, please email us or call for more information. We look forward to hearing from you!
Warm Regards
Kate Hill, Director