Prime Central London continues to remain the preferred hub for rented homes in Europe’s financial capital. The number of tenancies has significantly increased in September-October-November 2016, as people continue to explore Prime Central London for homes.
The number of tenancies agreed in the three months to November was 23.2% higher than the same period in 2015, according to the latest Prime Central London Rental Index, released by Knight Frank. The report analyses the performance of single-unit rental properties in the second-hand Prime Central London market between £500 and £5,000-plus per week.
According to the report, the number of viewings and new prospective tenants increased 18.4% and 7.8%, respectively over the same period. The average Prime Central London gross rental yield was 3.18% in November.
“Higher supply is the result of increased regulatory uncertainty in the sales market, which has meant a growing number of vendors have opted to let their property rather than sell until more clarity emerges surrounding future pricing trends,” the report observed.
It is proven beyond doubt that tenants, especially international travelers and businessmen continue to prefer Prime Central London, for short lets accommodation, because of the benefits the region offers. If you are looking for rented homes or accommodation in Prime Central London, Strawberry Star can assist you with several options. For more information, call our global offices.
The number of viewings and new prospective tenants increased 18.4% and 7.8% respectively over the same period