Short Supply is Pushing Rents Sky-high in London
Writes Dave Ramadhin from London based estate agent fishneedwater:
“We have just let a one bedroom, first floor ex-local authority purpose built maisonette near Stoke Newington for £275 per week. This apartment was previously let in 2010 for £219 per week indicating a rental increase of nearly 21%”.
“The response to our advert was phenomenal. within a couple of days we had booked over 16 viewing appointments, and after the first round of blocked viewings we received multiple offers. There simply doesn’t appear anywhere near enough stock to satisfy the demand from the number of tenants currently looking”.
“High demand and relatively low supply is ensuring the letting market in London remains particularly buoyant, as is indicated by this sharp rise, suggesting now would be an excellent time to market your property.
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