Date Published 01 November 2021
Is official the rental market is hot with a huge spike in demand for properties to let in London. With offices opening up and face-to-face teaching back in colleges and universities, the demand for London rental properties has increased by almost 60% in the third quarter compared to the same period last year.
The return of office employees and students are a big factor behind the rise coupled with return of bars, venues and restaurants London life is opening up and the race to find a rental property is VERY competitive in turn leading to a shortage of available properties and a rise in rents.
The average rental property is now on the market for less than a week, compared to almost a month in 2020 in some cases offers being accepted within the first day of viewings.
In fact, the rental market is now even busier than the sales market, which was unthinkable just a few months ago especially given that traditionally this is a quieter time of the year but the market shows no signs of slowing.
If you are thinking of renting or like an informal chat contact Miles or Charlotte on 020 8348 8105.
miles@taylorgibbs.co.uk or charlotte@taylorgibbs.co.uk.
