Wednesday, October 8, 2008

Notting Hill Property Market - Lettings

Our Notting Hill lettings office is located just off Notting Hill Gate at 190 Campden Hill Road, London W8


It's clearly apparent that city based applicants who are the mainstay of the Notting Hill rental market are spending alot more time in their offices and devoting rather less to finding new homes as news of bank failures and bailouts keeps everyone's expectations - and plans on hold.

We're also noticing an increase in properties tenanted by city workers on generous relocation allowances, typically from 600 - 2000pw, becoming available as they can no longer justify the rent, as well as a decrease in the activity of relocation agents.

At the same time there's an increase in tenants looking to move into smaller flats. However managing these applicants high expectations and finding them suitable properties is proving a difficult task - many of these applicants are used to certain high standard of living which they're now increasingly having to pay for themselves as companies downsize high maintenance employees on relocation packages.

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