Rents of properties in London is rising very high,investment conditions for potential new investors in real estate market seems to be very difficult.The latest Home Let Rental Index reveals that, the average rate for accommodation in London is binding approximately to £1,200 per month.
Managing director of Plaza estate reveals that “The high price of renting a home in London compared to other part of the UK, replicate demand for rental properties increased at faster rate because of individual enduring fight to get onto the property market ladder.
This rise in demand offers valuable opportunity for landowners to take benefit from their own property by providing them on rent. But with the effect of London 2012 Olympic Games, rents are predicted to rise further in year 2012, as demand for rental property will almost certainly climb, mainly in prime locations of the city. Numerous property agents specified that the demand for rental properties is increasing rapidly as this pressure from visitors will be in very high demand for this year. This pressure is beneficial for the landowners as they are charging heavily for their properties .Plaza estate agent, one of the famous estate firms in London said that the prices of properties in prime location like South-Kensington has increased so much that general people cannot even think to buy small land in this area.
A property of Central London holds it charm that has conserved its natural look in dropped financial condition. The continuing popularity of Mayfair and Knightsbridge area is likely to prolong. Investing in residential properties will always be valuable for all the investors. The demand of rental property is also exceptionally strong throughout the city, because most of the people are from outside the city and they are searching accommodation nearby to their work place. This increases the demand of rental properties in real estate London market.
The demand for rental home in some of the most significant areas, such as Mayfair, Marylebone and Knightsbridge is so high. Marylebone, a wealthy region in central London attracts a lot of tenants and visitors, having amazing demand of rental flats and apartments. With increase in rental prices, the position of vacant home remains as it is because most of tenants extend their rental term in sake of saving their extra effort and money to find other rental home.
Plaza estate firm can help you to find the affordable properties in every part of London. You can take help of Plaza Estate website properties for sale in South-Kensington to find properties in this prime location of London.