Lettings Market Is Raring To Go…

London Rental Market

Whilst London played the delighted host of the summer Olympics, the Lettings market awakened from its summer slumber. After an expectedly quiet July, we found August brought Tenants for properties up to £900 per week in their droves – especially for 2 and 3 bedroom flats and houses ideal for sharers.

There are positive signs for the Lettings industry across London serving to reassure anxious Landlords after a uneasy 6 months or so. This is thanks to the economic downturn, Jubilee celebrations, poor weather and Olympics all playing their part to a greater or lesser extent. Now that we are moving into the traditionally busy Autumn period, you may be concerned that you have missed all the best deals whilst you have enjoyed your holidays. Fear not though, the good news is that Landlords are prepared and many of the larger portfolio Landlords put new stock onto the market at this time of year.

Monopoly-Lettings-MarketDo remember that unlike Sales, Lettings is a swift industry and if you see something you like, do not be complacent. It will most likely be let by the time you make up your mind. Now that the relocation agents are busy with the corporate Tenants flocking back to London after having postponed their plans until after the Olympics, competition is stiff for the best properties!

Our advice is to be prepared:

  • Know your budget
  • Know what is negotiable for you but most importantly what is non-negotiable.
  • Be prepared to act quickly and move fast
  • Talk to one of our ARLA qualified Lettings Team today. We are ready to guide you through the Lettings process from beginning to end.

 

Written by Lajla Turner | Lettings Manager

Featured Image Attribution: Flickr user Kathleen Tyler Conklin

Seconday Image Attribution : Flickr user Images Money