Landlord Update October 2012

October 31 2011

Dear Landlords and Colleagues 

For those of you who have rented your property over the last few months, or indeed at any time during 2011, you may well have experienced an uplift in rent achieved. This of course ‘fits’ with what is reported on a near-daily basis by the media. In short, I believe we are in the midst of a peak in rental property demand which has perhaps never been experienced previously. The following two articles, rather unsurprisingly, bear this up: http://articles.nfopp.co.uk/news_features/Rents-Rise-at-Fastest-Rate#comments and http://articles.nfopp.co.uk/news_features/Twice-number-of-people-rent-than-own-home.

Unless the, admittedly uncertain, situation regarding the Euro comes to a head, the signs for the future are also promising. As long as the Square Mile (and Canary Wharf) continues to grow then so will tenant demand. Rental stock is still in short supply (the shortage isn’t quite as acute as it was 12 months ago though), and as long as demand exceeds supply then rents will continue to rise; many are forecasting a 5% increase in rents during 2012. 

We’ve certainly experienced an increase in investors looking to add, or start, a rental portfolio during 2011, and we are well-placed to supply ideal rental property through Currell New Homes. Of note in particular we are selling the Chaplin Apartments in Hackney E8. The New Homes team can tell you more, get in touch on newhomes@currell.com or 020 7226 6611. Further details of all our New Homes can be found here: http://www.currell.com/new-homes

…. which leads very nicely onto our new website, http://www.currell.com/ went live just over two weeks ago. A vast improvement on the old site, users can access property information far more easily and despite the very ‘clean’ look of the site there’s far more information on there too.

For those of you who have embraced Twitter please feel free to follow us (@CurrellProperty), there’s a link on our homepage, near the bottom. Our Twitter feed won’t be bombarding you with every single new instruction we take (as far too many agents do), but will provide you with up-to-date and relevant property news. For those who do wish to keep an eye on potential rental investments please view our RSS feed: http://www.currell.com/rss

Back with you in December.

Yours sincerely

Christian Thomas