Chard Reports More Activity in May 2009 London Lettings Market
Chard's lettings offices and teams in Notting Hill and Kensington, South Kensington & Chelsea, Pimlico & Belgravia, Fulham and Brook Green & Shepherds Bush let 23% more properties in May 2009 than in May 2008.
The total value of these lets increased by a more modest 11% year on year. This reflects a drop in rental values in London as well as the oft reported trend towards corporate and private tenants alike seeking lower cost flats and houses to rent in London.
One trend worth noting is that the variance between the increase in the number of properties let in London by chard and the aggregate value of business agreed is narrowing. A sign perhaps that rents have not only stopped falling but have already started to increase.
Roll on the Summer months!
The total value of these lets increased by a more modest 11% year on year. This reflects a drop in rental values in London as well as the oft reported trend towards corporate and private tenants alike seeking lower cost flats and houses to rent in London.
One trend worth noting is that the variance between the increase in the number of properties let in London by chard and the aggregate value of business agreed is narrowing. A sign perhaps that rents have not only stopped falling but have already started to increase.
Roll on the Summer months!
posted by Barry Manners @ 5:44 AM
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