Chard Compares Asked & Achieved Prices
There’s no stopping them over at Chard Blog – the posts come pouring in, and not just with any regular information.
They have now decided to reveal the prices of the South Kensington & Chelsea properties they have let out in September!!! 39 up to date, with asked and achieved prices side by side:
*Prices are per week
*South Kensington & Chelsea Lettings
*September 2008 move-ins to date
*Asked>Acheived
- 395>370
- 475>425
- 550>570
- 250>250
- 550>575
- 1000>900
- 1000>885
- 630>600
- 395>375
- 350>355
Click here to see the next 29 figures
There’s a lot of dis-information about the London rental market right now. On the one hand we hear its boom time and on the other that prices have dropped as much as 60%. Hence the decision to post South Ken’s move-ins to dates for September and actually give some empirical data rather than another soundbite.
I’ll post the Notting Hill figures to close of business monday (tomorrow)later this week too.
Barry
http://www.chard.co.uk
Barry -
Thank you so much for sharing that information. I just showed this data to someone who is new to London, worried about how much discount would it be appropriate to ask in that area.
Would be interesting to see how the Notting Hill figures compare.
Keep up the good work!
Thanks Ciara,
Notting Hill & Kensington lettings move ins for September to close of business today posted!
http://www.chardblog.co.uk/2008/09/london-property-market-notting-hill-and.html
Similar picture to South Ken – over 800 pw showing signs of “negotiability” but nothing at all extreme. The rest of the market is pretty assured, with a couple of flats going at above asking.
Interestingly, the Fulham figures show more flats let at above asking price. Fulham is a more affordable area – reflecting the shift in demand for more affordable flats to rent in London from new tenants, many of them erstwhile FTBs.
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