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prestigious property rental in London is going up rapidly.

24.02.2011
Homesoverseas.ru editorial office
32
Premium British capital market rent is currently characterized by an acute shortage of supply and high demand. The combination of these two factors has led to a serious rise in prices in 2010, and this trend will continue in 2011, experts believe the company Savills. According to the latest Savills, the average rental rate in London has increased by 11.5% in 2010. This resulted in a shortage of rental offers, while rental demand, particularly from corporate customers, is gradually recovering. According to analysts the company of Savills, in 2011 is expected to increase rents in the premium market, Central London by an average of 8% and 7% - in areas located around this area. At the same time, the purchase of real estate price increases this year will be held at the level of 1% across the British capital. "The lack of proposals remains, which is good news for landlords, - says Jackie Daley, Director of Savills residential market research company. - The weak dynamics of the mortgage market, buyers have taken wait and see attitude, the lack of new supply, the return of corporate tenants, improving the employment situation and reduce the number of "accidental landlords" means that in 2011, significant growth in rental rates "will be typical for the market of London. The most active growth of prices in 2010 was observed in the lower segments of the premium market of the British capital lease. This was due primarily to the fact that due to the policy of reducing corporate expenses tenants preferred to capture subjects that are smaller. Based on materials IntermarkSavills
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