In 2016 is expected to increase rental prices in the London property by 5%

In January, according to the preliminary forecast of the Agency Marsh & Parsons, will start the process of recovery in the rental market of elite real estate of London. Throughout 2015 the growth of prices in the rental market residential real estate in London has slowed amid falling demand from the global financial sector.

However, says Marsh & Parsons, in 2016 the prices of rental properties in London will increase by 5% over the next 12 months, substantially exceeding indicators of 2015, when they were at the level of 1.9%.

Now the average rent in London up to 750 pounds in a week.

Generally, January is a good month in the real estate agencies. According to statistics, over the past three years in the rental market of residential property in the UK, 34% of transactions in the rental market were concluded in the period from December to January, as many people prefer to solve their housing problems before the end of the year and to celebrate the new year in a new apartment.

In addition, with January typically starts the seasonal activities of the people who look after their own accommodation for the new season. The report noted that, in addition to rising prices for rental properties in Central London, there is an increase in the duration of the contract, which increased from 19 months in 2014 to 23 months in 2015. It is expected that in 2016, the popular two-year contracts will gain momentum as tenants, against the backdrop of high prices in the market sales, will choose stability, especially with respect to those properties, for which landlords have reduced the rent.

The most popular flats among tenants in London – apartments with one bedroom. But the one-bedroom apartments at the same time and the greatest competition on the market, as they are traditionally lacking. Therefore, tenants in 2016 will give preference to small apartments in London with two bedrooms where for a small fee, you can get more useful area. According to the forecasts of Marsh & Parsons, the two-bedroom apartments will experience the largest price increase in 2016. This news should please the “buy to let” investors who own apartments with two bedrooms and perhaps encourage them to expand their investment portfolios.

® Alice Morgan. G. 28.12.2015

 KNIGHTSBRIDGE, LONDON SW1X – £8,750,000

MONTPELIER MEWS, KNIGHTSBRIDGE SW7 – £9,500,000

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