Is the Central London Market in the process of being relocated?
Prior to Christmas, London was completely packed. Greater London Properties explain how the market has evolved for landlords in Central London.
In the months leading up to December 2021, we reported that London was officially full of tenants who were either hanging on to their properties because of the cheap rent they had negotiated during the pandemic or were just concerned about another lock down. Quite predictably, with another lockdown seeming less probable and borders appearing to be more easily navigated, we’re seeing more apartments coming on the market at a higher rental price than pre-pandemic.
Our overseas students and business travellers, who haven’t had the opportunity to visit their home countries in the last year, have told us that their “appetite for London remains strong.” Some of our foreign renters have travelled long distances to visit homes, while the majority of our international renters are making bids based on virtual tours.
We are witnessing customers that are really focused on the greatest options in terms of quality, privacy, convenience, and amenities as a result of the high rates. Properties with extra room for home offices, as well as outside gardens and balconies, are quite popular at the moment, according to the market. The emphasis is on quality of life and comfort.
Due to the expectation that sales prices in Central London will rise in the next years, and that they may likely exceed the rest of the UK property market, there has never been a better moment to be a landlord or to begin investing in the property market. If you are searching for an investment property, please contact our sales team, who would be happy to assist you further.
Our recommendation to all of our landlords is to make the required improvements to their homes in order to take advantage of this specific market and maintain a high rental income for the foreseeable future. It is now more crucial than ever to be aware of the rental value of your house; we would be delighted to arrange this for you. Please contact our staff on 0207 734 4062 for more information.
We also provide a comprehensive property management service; please contact us through email or phone for more details. We would be happy to hear from you!
Warmest regards.
Kate Hill,
Greater London Properties
