September Market Comment
After a tumultuous start to the year, 2020 has really started to get up a head of steam for the lettings market in August. We have seen record numbers of tenants registering with us looking all across the board, from students looking for house shares and one-bedroom apartments to young professionals looking for high quality one and two bedroom properties, also we have seen a huge spike in demand from families looking for larger family houses.
As we usually see in the summer months, outside space is top of the priority list with many tenants wanting that extra dynamic to their property and with lockdown still in many people’s minds, outside space has become a real must have for people looking for longer term tenancies.
The short-let market has come back with a bang, we are seeing a lot of workplace moves and people in London for several months either working or on vacation. As one of the countries with lower quarantine restrictions allowing faster travel times and less quarantine with the rest of the world London has fast become a hub for people who need to travel for work.
Professional short lets are up over 200% and good high level stock in this sector is dwindling fast. Achieved rental prices are stable across the board, we have experienced several cases of competitive bidding for good one bedroom properties for the first time this year, the market is showing some green shoots and for landlords it is definitely time to make hay while the sun is still shining on the London lettings market.
If you are looking to rent out your property or need some advice with a rental portfolio, please do not hesitate to contact us on 020 7096 9476 or get in touch at email@example.com