London landlords see turn-round

After two years in the doldrums and high levels of over supply, prime central London is at last a landlord’s rental market according to a leading agency.“With demand outstripping supply, landlords are currently in a strong position and those who have been considered selling their property may be persuaded to keep it as a rental investment given that rental yields are now increasing” explains Richard Davies, head of lettings at Chestertons.

This continued surge in demand, especially in Prime Central London, is heavily impacting the supply of available properties to rent in the capital. 

“As a result, rents have risen sharply and tenants now have a much more limited choice than they did last year. On average they are only able to view one or two properties that meet their criteria, which greatly differs from a year ago when they were able to view at least five.”

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