Demand Remains High For Properties To Rent In Central London

London's growing population is placing greater pressure on housing supply in the capital, helping to push rental values higher in the process.

London, United Kingdom (prHWY.com) March 25, 2013 - London's growing population is placing greater pressure on housing supply in the capital, helping to push rental values higher in the process.

Letting agents across all of Sandfords' offices report that high demand for flats and houses to rent in central London is showing no signs of abating, which is bad news for London's renters, but goes a long way towards explaining why investor demand for properties in the capital is growing rapidly.

Yields for landlords remain healthy, with the average property in London earning in the region of 5%, which is significantly higher than the low returns many savers are receiving from banks and building societies.

Furthermore, with many domestic and international investors actively adding to their property portfolios, the supply of properties for sale in central London remains low, heaping upward pressure on property values in the capital.

AndrewEllinas, Director at Sandfords, said: "The increase [in rental values] is the highest in the UK by a very long way, and justifies the interest in prime central London that has been shown by investors from around the world through the thick of the global financial crisis."

Given the existing state of the market, leading lettings agents Sandfords projects that that the rent rise looks set to continue in spring. In the longer-term, the supply of rental homes will have to increase considerably to prevent further monthly rent rises in central London.

Sandfords has extensive experience in the London premium sales and lettings market.Anyone looking for properties to rent in central London will find that Sandfords' lettings division offers a wide selection of premium homes to let in prime London areas.

Sandfordsspecialise in the sales and letting of properties in prime residential areas, most notably, in the Regent's Park, Marylebone, Marylebone Village, St John's Wood, Primrose Hill and Little Venice.

For further information, please contact Sandfords www.sandfords.com

Tel: +44 (0)20 7224 4994 Fax: +44 (0)20 7224 4989

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Tag Words: properties to rent, central london

Categories: Real Estate

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