openPR Logo
Press release

Higher levels of enquiries for property to let in London

08-04-2011 03:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Marsh & Parsons

Higher levels of enquiries for property to let in London

London, 4th August 2011 - With rental prices in the capital continuing to grow, more homeowners are cashing in by making available their property to rent in London, according to leading lettings agent Marsh & Parsons.

The latest Buy-to-Let Index from LSL Property Services shows that average rental costs in London have soared past £1,000 per month, but could yet rise further, due to an underlying shortage of rental stock.

A lack of rental properties in relation to enquiries is ultimately fuelling growth, particularly in primarily locations, with high demand for property to rent in Barnes and property to rent in Fulham, among other popular areas in London.

Despite a 12.3 per cent rise in mortgage approvals in June, mortgage lending remains at a historic low, preventing many people from buying a home, increasing pressure on the limited supply of property to rent in London.

Based on the high volume of rental applicants registered with Marsh & Parsons, tenant demand has been especially bubbly in recent months. Aside from strong reliance on rental accommodation from frustrated would-be purchasers, Marsh & Parsons has also noted a significant leap in demand from corporate tenants.

Whether it is a property to rent in Battersea or a property to rent in Pimlico, among other primary locations, rental homes in popular neighbourhoods in the capital are highly sought-after.

"The letting market continues to be very strong, with businesses in London without doubt employing again," said Peter Rollings, CEO of Marsh & Parsons. "We've seen a very strong level of corporate applicants coming into London this year with very high budgets."

He added: "Letting stock has been at a premium. I just don't know where all the stock has gone."

Marsh & Parsons generally expect the lettings market in London to remain extremely busy and rental prices to rise further throughout the rest of 2011.

Rollings continued: "London is looking fabulous at the moment. Anyone coming into London to invest in property will be seeing it at its very best. London remains a great place to invest and to live, for businesses and individuals alike. It is an exciting time in the capital."

Marc Da Silva reflects on rising demand for property to rent in London, including property to rent in Fulham, property to rent in Battersea and property to rent in Pimlico.

For Information about Property to rent in London, Fulham, Battersea or Barnes visit http://www.marshandparsons.co.uk/properties-to-rent/property-in-london

Marsh & Parsons London estate agents specialise in the sale & rent of London property (houses, flats & apartments). We facilitate London property search with property surveys & valuations.

Hamlet House,
77 Fulham Palace Road, W6 8JA
T: 020 8846 2320 F: 020 8846 2321

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Higher levels of enquiries for property to let in London here

News-ID: 186329 • Views:

More Releases from Marsh & Parsons

That property for sale in London could be a great buy-to-let investment
That property for sale in London could be a great buy-to-let investment
London, 2nd August 2011 - With demand from tenants soaring and rents rising across the capital, a growing number of property investors in the capital are adding to their buy-to-let portfolios, reinforcing the fact that property remains a solid investment. A general shortage of homes to let means that property for sale in London is now a more attractive proposition than ever. Furthermore, prices in the capital are appreciating at

More Releases for London

Dr Rasha Clinic London: The Most Trusted Aesthetic Clinic In London
Dr Rasha Clinic London (https://www.drrashaclinic.com/) is the most trusted aesthetic clinic London based. Owned by Dr Rasha Rakhshani, one of the most experienced and respected cosmetic doctors in the UK, the clinic offers extensive aesthetic services incorporated with medical knowledge and artistry, which clients keep coming back to. With its impressive client base, not only in the UK, but also from other parts of the world mainly in the US, Europe,
London Backpackers for Cheapest Hostel Stay in London - Cut the Cost of a Stay i …
London is a fantastic place to visit at any time of the year, but there’s really no getting away from the fact that a trip can be expensive. The good news for travelers from all over the world is that they can bring those costs down and still enjoy a fantastic visit if they book a stay at the London Backpackers hostel. The hostel is located in the heart of
SEO Agency London
FirstRank is a leading digital marketing agency based in London, offers Website Development, Search Engine Optimization and Social media marketing service. we provide seamless growth for your business with our digital marketing services and solutions. Our highly competent teams are constantly adding the smile to the faces of our clients. Digital marketing is an investment and our digital marketing Agency focus on returns. In 2012, we started as a SEO company
The Man Van in London Makes Moving In London More Affordable
The London removal company has become one of the most recommended home and office removal services. London continues to be the most expensive place to purchase a home in the UK with the average price of a property costing £473,073. However, it’s not just the cost of purchasing or renting a home that can be expensive, moving in and around London can be more expensive than other areas of the UK.
London 2012
Off to the Paralympics with 15,000 spare parts Ottobock, the medical equipment company, is preparing for a large-scale operation at the Paralympic Games in London (29 Aug. to 9 Sept. 2012). Some 4,200 athletes are expected at the second largest sports event in the world. In order to ensure technical service for them, Ottobock is sending 78 orthopaedic technicians from 20 countries. The first vehicles are already transporting 9
Building Company London Provides Space and Value with Loft Conversions London
For Immediate Release London, UK (mynewsdesk), September 5, 2011 – Building Company London is offering a total loft conversions London package, including the services of architects, designers and planning professionals. Customers taking advantage of the service get their own home “turnkey” project, where the company takes care of everything from initial consultation and design through to the final roll of the painter and decorator’s brush. The Building Company London offers this level