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Central London letting agents chart the rise of rental values

The property market in central London is subject to much speculation and there have been a fair amount of headlines relating to the dip in house prices in some prime areas. Central London estate agents, however, know that their property market is unique and if one area is out of kilter, it will be made up for elsewhere. At this given point in time, it is properties to rent in central London that are stealing the column inches. Rental values in the prime central London property market are going from strength-to-strength, with one real estate body estimating an increase of 0.2% in both January and February 2015, which took annual growth to 4% - the highest level in more than three years. In fact, rental values have not dipped for over 12 months, showing a steady and sustained growth pattern. Central London lettings agents report a surge in rental interest ahead of the election, with a degree of uncertainty around a possible 'mansion tax' on owned homes worth over £2 million. One property expert has labelled the shift towards renting as a 'try before you buy' move, with many high-end tenants testing areas in a non-committal fashion before the General Election result (and ensuing housing policies) have been confirmed. Although the tussle between political powers to gain residency of Number 10 Downing Street is having a short-term effect on the property market, add Central London letting agents, the longer-term outlook for the rental sector remains positive. Unlike the residential market, which is largely underpinned by mortgage availability, demand for properties to rent in central London is aligned with broader financial circumstances. The performance of the prime central London rental index has generally tracked global stock markets, including the FTSE100, which are currently setting record levels. The uplift points to growing momentum, which is being helped along by indications from both the Bank of England and the Federal Reserve that interest rates are likely to stay low, along with rock-bottom oil prices and Eurozone uncertainty. Of course, whatever the economic and political outlook, houses and flats to rent in central London are always in demand, whether that's among contract workers looking for well-located accommodation in the heart of the capital: home movers who are testing out new areas; residents looking for flexibility and the option to move frequently, and a growing band of owner-occupiers who are part of a 'rent to rent' phenomenon. If you are searching flats and houses to rent in central London and would like to know about the latest lettings instructions in Mayfair, Marylebone, Notting Hill, Soho, Covent Garden, Kensington, Westminster and Fitzrovia, contact Winkworth letting agents today.

The property market in central London is subject to much speculation and there have been a fair amount of headlines relating to the dip in house prices in some prime areas. Central London estate agents, however, know that their property market is unique and if one area is out of kilter, it will be made up for elsewhere.

At this given point in time, it is properties to rent in central London that are stealing the column inches. Rental values in the prime central London property market are going from strength-to-strength, with one real estate body estimating an increase of 0.2% in both January and February 2015, which took annual growth to 4% - the highest level in more than three years. In fact, rental values have not dipped for over 12 months, showing a steady and sustained growth pattern.

Central London lettings agents report a surge in rental interest ahead of the election, with a degree of uncertainty around a possible 'mansion tax' on owned homes worth over £2 million.

One property expert has labelled the shift towards renting as a 'try before you buy' move, with many high-end tenants testing areas in a non-committal fashion before the General Election result (and ensuing housing policies) have been confirmed.

Although the tussle between political powers to gain residency of Number 10 Downing Street is having a short-term effect on the property market, add Central London letting agents, the longer-term outlook for the rental sector remains positive.

Unlike the residential market, which is largely underpinned by mortgage availability, demand for properties to rent in central London is aligned with broader financial circumstances. The performance of the prime central London rental index has generally tracked global stock markets, including the FTSE100, which are currently setting record levels. The uplift points to growing momentum, which is being helped along by indications from both the Bank of England and the Federal Reserve that interest rates are likely to stay low, along with rock-bottom oil prices and Eurozone uncertainty.

Of course, whatever the economic and political outlook, houses and flats to rent in central London are always in demand, whether that's among contract workers looking for well-located accommodation in the heart of the capital: home movers who are testing out new areas; residents looking for flexibility and the option to move frequently, and a growing band of owner-occupiers who are part of a 'rent to rent' phenomenon.

If you are searching flats and houses to rent in central London and would like to know about the latest lettings instructions in Mayfair, Marylebone, Notting Hill, Soho, Covent Garden, Kensington, Westminster and Fitzrovia, contact Winkworth letting agents today.

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