Tag Archives: London rents

London buy to let rents 78% higher than rest of UK Buy to Let News, Latest Articles, Property Investment News, Property Market News

London rents are 78% higher than those in the rest of the country, according to the latest figures from landlord insurer Homelet.

The firm’s monthly index of private rents revealed the UK has two separate rental markets – London and the rest. Continue reading London buy to let rents 78% higher than rest of UK


UK split into “London” and “the rest” rent divide Buy to Let News, Latest Articles, Property Market News

The great rental divide is splitting the UK as tenants in London pay double the amount for a comparable property elsewhere.

New research shows two distinct rental markets – the capital and the rest. According to property analysts Hometrack. Continue reading UK split into “London” and “the rest” rent divide


Londoners earning less than £52,000 can’t afford to rent Buy to Let News, Cautionary Tales, Latest Articles, Lettings & Management, Property Market News

Renters in London need to earn around £52,000 to let a buy to let home, according to figures from homeless charity Shelter.

The charity reckons 65% of non-home-owning Londoners have given up hope of buying a property in the neighbourhood where they live. Continue reading Londoners earning less than £52,000 can’t afford to rent


London rents hit almost double the rest of the UK Buy to Let News, Latest Articles, Property Market News

Buy to let landlords are picking up almost double the average monthly rent in London compared to property investors in the rest of the UK.

Average monthly rents in the capital are £1,212 a month, according to landlord mortgage firm BM Solutions.
That’s 69% more than the UK average of £716 and 41% higher than the second-placed South East (£858).
Wales (£474 per month) has the lowest average monthly rent, followed by the North and Yorkshire and the Humber (both £488 per month). Continue reading London rents hit almost double the rest of the UK


Landlords Reap Rewards as London Rents Rise 27% Latest Articles, Lettings & Management, Property Market News

Rents in London have soared by more than a quarter in two years, according to a firm of leading estate agents.

In a snapshot of the private home rental scene in the capital, Knight Frank revealed rents have increased by 27% since 2009 while tenants are moving in to more homes with fewer coming back to the market.

The firm reckons rents are almost back to those at the peak of the market before the credit crisis. Continue reading Landlords Reap Rewards as London Rents Rise 27%


Secret Billionaire Pays £7,857 a Day Rent for London Flat Latest Articles, Lettings & Management, Property Market News

Monopoly houses on coins

"The London prime property market is flourishing"

Demand to let prime London property is surging with rents reaching £55,000 per week for the cream of homes.

Wealthy visitors settling in London from overseas are driving the market – with cash-rich tenants from Russia, the Middle East and Asia battling for the best properties.

Harrods letting agency set the record with £55,000 a week- £7,857 a day – to rent a Central London flat to an Arab billionaire. His name and the flat location are closely guarded details as he demanded complete confidentiality.

“The prime property market in London is the fastest growing area in the UK. We have not only seen an increase in demand from buyers but also those looking to rent which in turn is pushing prices up,” said Shirley Humphrey, sales and marketing director of Harrods Estates.

“Some 89 per cent of our sales are from high net-worth individuals from overseas, particularly Russia, Middle East and Asia, where we achieve our highest sales. The short supply of property and high demand from international buyers is unlikely to slow, indicating prices to buy and rent will be even higher by the end of 2011.”

The cosmopolitan nature of London lettings is reflected in Harrods hiring interpreters covering 27 languages.

A look at other leading London letting agents gives an idea of what rents of £30,000 a week or more can secure for the wealthiest tenants.

Knight Frank is offering a furnished seven bedroom house in Brick Street, Mayfair for £40,000 a week – £5,714 a day – comprising a drawing room, dining room, cinema, study, bar and games room, seven bedroom suites, swimming pool, gym, solarium, underground car park, courtyard and roof garden.

If that price is too rich, Savills have an unfurnished seven bedroomed end of terrace house in plush Eaton Square, Belgravia.

A cool  £30,000 a week – £4,285 a day – secures a Grade II listed house with three receptions, dining room, study, media room/library, garden room, swimming pool, utility room, cellar, two garages and staff quarters consisting of two en-suite bedrooms, a reception room and kitchen.


Rent prices still going up according to LSL Buy to Let News, Latest Articles, Property Market News

Rising Blue Arrow

Rents continue to rise

Rents are raging out of control in some areas of the country as tenants desperate for a home gazump their rivals and offer higher rents than landlords are seeking.

But buy to let seems a game of two halves – with some regions away from prosperous London seeing rents fall. Continue reading Rent prices still going up according to LSL


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