Rental Guarantee Scheme | London micro-markets continue to buck the trend
http://bit.ly/15FV5qU
Rental Guarantee Scheme | London micro-markets continue to buck the trend With our guaranteed rent scheme our landlords benefit from a free property management service, where we vet all tenants and conduct regular free inspections. London starts the new year again proving it has its own micro-markets where housing demand continues to outstrip supply. New sellers in the capital have had the confidence to increase their month-on-month asking prices by 0.8% (£3,453), compared to a fall of 1.5% in the rest of the country (£2,792). Rental Guarantee Scheme This is a continuation of the trend seen over the last year, with asking prices in London now 6.1% higher than a year ago. The rest of the country recorded a combined fall of 1.7% over the same period. Miles Shipside, director of Rightmove comments: “Depending on local market conditions, there are differing pressures on the direction of prices. Rental Guarantee Scheme The lack of property coming to market in the London area over the last year combined with buyer demand has helped to buoy new sellers’ asking prices in most locations. Prices will be receiving a further boost as estate agents compete to attract fresh stock for the year ahead.” Rental Guarantee Scheme There have been more than 44 million property searches on Rightmove during the first ten days of 2012. While this doesn’t necessarily indicate a surge in proceedable buyer numbers, it does highlight a strong pent-up demand to move and is also a reflection that value-seeking buyers who can proceed are taking extra care to research the market. January often sees the beginning of a ‘spring bounce’ in the prices of properties coming to market, and there is again evidence of this in 2012, where the overall monthly period rise of 0.8% in new seller asking prices was boosted by a rise of 1.8% (£7,605) in the first week of 2012. Shipside comments: “As we move into the more active spring market with a shortage of new supply, prices will rise where the local market or a particular estate agent is short of a type or style of stock. However, asking more for your property can only be successful if your target buying audience can raise the necessary funds. The market fragmentation caused by the credit crunch means that success in selling now requires a more careful and complex micro-market analysis, rather than a wishful price-punt to see what happens.” View the original article here 3Let work hard to deliver the best property management service. We work closely with our landlords and tenants to deliver a personal service tailored exactly to their needs. Contact Guaranteed Rent today on 020 8694 8098 to find out more.
http://bit.ly/15FV5qU
Rental Guarantee Scheme | London micro-markets continue to buck the trend With our guaranteed rent scheme our landlords benefit from a free property management service, where we vet all tenants and conduct regular free inspections. London starts the new year again proving it has its own micro-markets where housing demand continues to outstrip supply. New sellers in the capital have had the confidence to increase their month-on-month asking prices by 0.8% (£3,453), compared to a fall of 1.5% in the rest of the country (£2,792). Rental Guarantee Scheme This is a continuation of the trend seen over the last year, with asking prices in London now 6.1% higher than a year ago. The rest of the country recorded a combined fall of 1.7% over the same period. Miles Shipside, director of Rightmove comments: “Depending on local market conditions, there are differing pressures on the direction of prices. Rental Guarantee Scheme The lack of property coming to market in the London area over the last year combined with buyer demand has helped to buoy new sellers’ asking prices in most locations. Prices will be receiving a further boost as estate agents compete to attract fresh stock for the year ahead.” Rental Guarantee Scheme There have been more than 44 million property searches on Rightmove during the first ten days of 2012. While this doesn’t necessarily indicate a surge in proceedable buyer numbers, it does highlight a strong pent-up demand to move and is also a reflection that value-seeking buyers who can proceed are taking extra care to research the market. January often sees the beginning of a ‘spring bounce’ in the prices of properties coming to market, and there is again evidence of this in 2012, where the overall monthly period rise of 0.8% in new seller asking prices was boosted by a rise of 1.8% (£7,605) in the first week of 2012. Shipside comments: “As we move into the more active spring market with a shortage of new supply, prices will rise where the local market or a particular estate agent is short of a type or style of stock. However, asking more for your property can only be successful if your target buying audience can raise the necessary funds. The market fragmentation caused by the credit crunch means that success in selling now requires a more careful and complex micro-market analysis, rather than a wishful price-punt to see what happens.” View the original article here 3Let work hard to deliver the best property management service. We work closely with our landlords and tenants to deliver a personal service tailored exactly to their needs. Contact Guaranteed Rent today on 020 8694 8098 to find out more.
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