Benham and Reeves Residential Lettings reports that the enquiry levels are up, with a clear rise in demand from overseas tenants looking for a home to rent in London:

“The lettings market is in full summer mode and demand for rental properties is strong throughout our eight London offices. In particular, we’re seeing an increase in enquiries from prospective international tenants, which may indicate that multi-national organisations are starting to relocate staff again.” reports Lettings Director Marc von Grundherr.

“Conditions have changed dramatically though and this is definitely now a tenant’s market. All our offices are very busy but tenants are looking for good deals.” continues Marc. “In fact, rents have come down by 10%-30% depending on the type of property and tenants are taking full advantage of this. The last five years have seen a landlord’s market but the market is very different now and landlords need to recognise this in order to minimise void periods.”

Read more HERE.

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