London’s property market continues to outperform other UK regions and remains a viable proposition for buyers and investors alike, but what about tenants who want to rent homes before the prices get too high and before fast moving stock goes off the market? Here, we offer advice to tenants about how and where they can get the right rental property.
Since January 2011, according to the recent report from the Office of National Statistics, private rents in London have grown 15%.
At JOHNS&CO we are at the epicentre of this activity and use our expertise to assist tenants and give them early access to London’s finest homes, helping them find prime properties ahead of this fast moving market.
“The London rental market continues to be very fast paced,” says our lettings manager Lewis Burnet. “Despite the influx of new homes reaching the market from vendors deciding to offer properties for rent rather than sell, interest amongst prospective tenants continues to increase.
“It means that keen customers need to act fast to get the home they want and the key is in their timing. I would encourage clients to register their interest early for rental properties and that they consider new build homes and the prospect of renting off plan.
“We work with many developers; the Ballymore Group, Oxley and St George to name a few – and one of the unique services we offer is that we market their properties up to six months ahead of completion – thus we give prospective tenants an early opportunity to get the right home for them.”
Homes for which tenants can register early include new properties at Embassy Gardens, Ballymore’s hotly anticipated development in the heart of the Nine Elms regeneration district.
Lewis continues: “Marketing properties early and letting customers know what’s coming to the market is a tactic which has helped many of our tenants move into prime properties ahead of the curve.
“Our current focus is on Embassy Gardens in Nine Elms where we’re soon due to hand over the first homes to tenants; the sheer scale of the area means it’s somewhere under the spotlight so it’s inevitable that demand and pricing here are on an upwards trajectory. That’s why we’re encouraging tenants to register their interest now and I’d be happy to speak with any clients wanting to take an exclusive look around the area.”
JOHNS&CO is also currently marketing new build, prime properties in the East of the city with homes at 21 Wapping Lane in Wapping and New Providence Wharf near to Canary Wharf.