Demand for rental property in central London sees dramatic fall

demand for rental property in London nosedives
Dramatic fall in demand for property in central London

New research shows that the number of landlords in central London reporting a rise in tenant demand over the past quarter has slipped by almost 30% – down to 17% from 45%.

In contrast, the findings also show that 40% of landlords in the South East have reported a rise in tenant demand over the same period – the highest reported in the UK. These figures indicate that tenants are increasingly looking to move our of central London to the more affordable suburbs.

This drop in rental activity in London is also reflected in the purchase of buy-to-let properties, with just 5% of London landlords indicating that they plan to purchase more properties in the next quarter – down from 15% this time last year.

 

Full story available from Property Reporter: http://www.propertyreporter.co.uk/landlords/rental-demand-nosedives-in-london.html

 

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