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Property to rent in central London has its own story to tell

Headlines tend to be hogged by house prices and lavish homes for sale but estate agents like Winkworth, with property to rent in central London, have some great stories to tell when it comes to tenants and lettings. First, let's set the scene with an update on the capital's lettings market. Houses and flats to rent in Central London generate their own interesting headlines, many of which fail to make the front page but are, nonetheless, interesting if you're a tenant, property investor or would-be landlord. The latest Lonres.com property survey revealed a stabilising central London rental market in 2014, with the supply and demand issues seen in 2013 beginning to even out. In terms of rents achieved, these have started to increase in prime central London, according to the report, with a 2.1% rise in the first quarter of 2014, when compared to the same period in 2013. The strongest growth was seen in the north and central parts of prime London. According to Zoopla's latest statistics, flats and houses to rent in central London average at £4,619 per calendar month. Improving economic conditions have also lead to a rise in corporate rental demand, especially in the low-to-mid price thresholds. Dovetailing with the latest Lonres.com research are the findings of the Property Academy's Landlord & Tenant Survey, which aims to reveal behaviour traits and client thinking in the lettings sector. Interestingly, 67% of tenants questioned had never owned or had a mortgage on a property, while 59% felt they had no choice but to rent. Delving deeper, it emerged that 27% of tenants cannot afford to buy a property and 13% didn't actually want to become a home owner. Here at Winkworth, we were most heartened by the response to the question about personal endorsement. Despite property professionals receiving a somewhat bad press, 84% of landlords said they would recommend their letting agent and so would 70% of tenants. However, there is one survey that did make the headlines, and that concerned the weirdest objects left behind by a tenant. From a very expensive Range Rover languishing in a parking space and a crate of champagne to a full-size treadmill and toupee in a biscuit tin, it appears tenants in flats to rent in central London and across the country are either in a hurry or are very forgetful when moving home!

Headlines tend to be hogged by house prices and lavish homes for sale but estate agents like Winkworth, with property to rent in central London, have some great stories to tell when it comes to tenants and lettings.

First, let's set the scene with an update on the capital's lettings market. Houses and flats to rent in Central London generate their own interesting headlines, many of which fail to make the front page but are, nonetheless, interesting if you're a tenant, property investor or would-be landlord. The latest Lonres.com property survey revealed a stabilising central London rental market in 2014, with the supply and demand issues seen in 2013 beginning to even out.

In terms of rents achieved, these have started to increase in prime central London, according to the report, with a 2.1% rise in the first quarter of 2014, when compared to the same period in 2013. The strongest growth was seen in the north and central parts of prime London. According to Zoopla's latest statistics, flats and houses to rent in central London average at £4,619 per calendar month. Improving economic conditions have also lead to a rise in corporate rental demand, especially in the low-to-mid price thresholds.

Dovetailing with the latest Lonres.com research are the findings of the Property Academy's Landlord & Tenant Survey, which aims to reveal behaviour traits and client thinking in the lettings sector. Interestingly, 67% of tenants questioned had never owned or had a mortgage on a property, while 59% felt they had no choice but to rent. Delving deeper, it emerged that 27% of tenants cannot afford to buy a property and 13% didn't actually want to become a home owner. Here at Winkworth, we were most heartened by the response to the question about personal endorsement. Despite property professionals receiving a somewhat bad press, 84% of landlords said they would recommend their letting agent and so would 70% of tenants.

However, there is one survey that did make the headlines, and that concerned the weirdest objects left behind by a tenant. From a very expensive Range Rover languishing in a parking space and a crate of champagne to a full-size treadmill and toupee in a biscuit tin, it appears tenants in flats to rent in central London and across the country are either in a hurry or are very forgetful when moving home!

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