Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

High demand for rental accommodation in North West London

By John M. Alcorn Subscribe to RSS | January 25th 2012 | Views:

Is there another rental boom brewing in London? Historically in the capital, rents demonstrate a distinct spatial pattern over time, rising initially in a cyclical upswing in prime central London, then wider London, starting with the outskirts of central London, before spreading out across the rest of the country. This is known as the ripple effect.

A glance at the market in London suggests that a mini boom is occurring. The latest HomeLet Rental Index reveals that average rents in London have increased by 13 per cent over the past year, led by growth in prime central London and its outskirts, most notably in St John's Wood and Primrose Hill.

A shortage of flats to rent in Primrose Hill in relation to demand has pushed property prices in the area significantly higher over the past year.

Primrose Hill, located on the north side of Regent's Park in North West London, is home to one of the most famous parks in Britain. The top of the hill in Primrose Hill offers a clear view of central London to the south east. It is one of the most exclusive and expensive residential areas in London.

"There is always strong demand for property within easy reach of London's parks," said Spencer Botchin, director at leading London-based estate agents Sandfords.

Nearby St John's Wood, located a short distance from London's West End, is another area proving extremely popular with tenants.

Strong demand for flats to rent in St John's Wood as well as houses to rent in St John's Wood has caused local rental values to soar in recent months, with prices expected to increase further over the next few months.

Adam Feather of Robert Anthony estate agents said: "St John's Wood is without doubt one of the most desirable places to live in London. Top bids are often required to secure the best homes to rent in the area, due to a real shortage of homes, which should force rental prices higher in the coming months."

The prospect of higher rental values is an attractive one for existing landlords.

Despite the fact that rents in London have soared in the past 12 months, thanks mainly to rising demand from young people who in the past would have been first-time buyers, rents are expected to increase even more in 2012.

Jones Lang LaSalle, a property consultancy, says typical UK rents will increase by another five per cent on average in 2012, led by growth in London.

London will see the biggest lettings boom. Jones Lang LaSalle projects that the capital's rents will rise by another seven per cent in 2012.

Jon Neale, research director at Jones Lang LaSalle, told the press: "London's employment market remains intense and there's still strong population movement into the capital. But the stock of rented property has hardly increased over the past few years.

Mr. Neale predicts that there will be 150,000 more London households renting than before the financial crisis. He also expects there to be more private tenants in London than people with mortgages by 2015, with areas such as Primrose Hill and St John's Wood expected to continue to command the greatest demand amongst tenants.

John M. Alcorn - About Author:
John Alcorn reports that demand for flats to rent in St Johns Wood and houses to rent in St Johns Wood is soaring, while more people are also looking for flats to rent in Primrose Hill.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Real Estate Articles Subscribe to RSS

Get authentic and congeries free company for Rent flats or houses
Published by Abhay Singh on January 27th 2012 | Real Estate
Finding a flat is not that easy especially when you are new to the city. We have to move from one pl...
Are you looking after office space for rent in India?
Published by Mike Nicholson on June 12th 2012 | Real Estate
Want to avail space for your office in the most happening part of India? Looking for standard office...
Things to bear in mind when perusing properties to rent in Bath
Published by on June 19th 2012 | Real Estate
However whether you are looking for properties to rent in Bath or Birkenhead there are some things w...
Looking to rent a house in Huddersfield? Head to Martin & Co for property rental in Huddersfield
Published by Ademholt on July 12th 2012 | Real Estate
Are you planning to rent a house in Huddersfield?
Get in Touch with the Martin & Co. Estate Agen...
Finding properties to sale or rent in Chessington
Published by Glyn Jones on January 21st 2012 | Real Estate
An reliable and reputable estate agents makes it quite easy to find the respective properties for sa...
Residential flats in Pune
Published by Mantri on June 13th 2012 | Real Estate
This article discusses the real estate industry in Pune. It concentrates on cities and townships. It...
Demand for Property to rent in London Continues to Soar
Published by John M. Alcorn on June 8th 2012 | Real Estate
Now is a generally good time to be a landlord in London. Tenant demand is rising at a rapid pace whi...
Commercial Property for rent in Metro Cities
Published by Maaya on May 22nd 2012 | Real Estate
The Commercial space for rent in Delhi, Mumbai and Bangalore property is ever increasing in these ci...
Find a house or flat to rent with estate agent.
Published by Glyn Jones on July 4th 2012 | Real Estate
When you are looking for flats or houses for rent or for sale, you can simply go with the estate age...
Apartment for rent in Delhi Best Accommodation
Published by Simmie on November 28th 2011 | Real Estate
In Delhi the property prices have reached to its maxima but still the demand is constantly rising. B...
Looking for flats Inverness
Published by James Blee on June 16th 2012 | Finance
If you are one of many people currently perusing the flats Inverness has to offer then you will appr...
Looking for rooms to rent
Published by Glyn Jones on July 25th 2012 | Real Estate
Having a nice place to stay can even help your physical health, and it surely affects your mental he...
How you can buy residential property on rent
Published by Glyn Jones on June 11th 2012 | Real Estate
Apartment buildings are more complex. Often, people are already living in the suites, and it simply ...
Select the right company for hassle free flats renting
Published by Abhay Singh on January 2nd 2012 | Real Estate
Having a house is the first and foremost necessity of ours. We move from one place to another for ou...
Top Rated Residential flats in Gurgaon
Published by Sadhna Singh on June 19th 2012 | Real Estate
There is a recreational Club House at Unitech shut that provides nice leisure to any or all persons ...
Look for the flats and apartments for rent in Ahmedabad
Published by Simmie on November 28th 2011 | Real Estate
Ahmedabad is the city which is usually recognized as the city of individuals and this is one of the ...
Why you should rent a property for your family?
Published by Andy Wagon on February 15th 2012 | Real Estate
To determine which properties are good indeed quite difficult, especially when some properties are n...
Planning to buy flats in Gurgaon? – Read this
Published by Mike Nicholson on January 17th 2012 | Real Estate
Investment in property is indeed the biggest investment someone makes. Therefore, one needs to be ve...
Flats for rent are available in Pune with affordable price
Published by Andy Wagon on January 17th 2012 | Real Estate
Pune is a most famous city regarding the industrial areas is being concerned. The maximum area is be...
How much price for rent a home in your city?
Published by Andy Wagon on February 15th 2012 | Real Estate
Whether you're looking for houses for rent? If you really want a house with a fairly competitive pri...