18 Mar

High demand for property to rent in London

High demand for property to rent in London

Flats to rent in London's W1 district are in high demand, Knight Frank has revealed.

New developments and newly built apartments to rent in London W1 are proving particularly popular with tenants.

Ahead of buy-to-let landlords and company properties, managed flats to rent in London's central district are preferred due to extras such as porters, secure parking and air conditioning.

Kevin Blakebrough, property manager at Knight Frank said: "We find that tenants will actively look for managed properties, and pay a premium for it."
Buy-to-let investors with houses to rent in London could benefit from increasing house prices.

According to the Knight Frank index for prime central London property, prices for houses and flats in London grew by one per cent in February.

Annually, London property has see growth of eight per cent, which could mean more return on purchases made by buy-to-let investors.

The price of houses for sale in the capital has risen by 24 per cent since the post-credit crunch dip in March 2009.ADNFCR-1222-ID-800468635-ADNFCR

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