Counting Flats In London’s Prime Corporate Rental Areas
The ‘prime’ London areas for corporate tenants, which are claimed to be most affected by the changes in the financial sector, are Notting Hill, Docklands and the City.
So we conducted a little search in 5 main property websites in order to determine how many flats are available at this very moment in 3 more popular postcodes of those particular areas.
Flats/apartments for rent in Notting Hill W11, Docklands E14 and the City EC4 today:
FindaProperty.com is the obvious leader with more ads than any other website just before the launch of the agents’ own website PropertyLive.co.uk.
The choice in E14 is remarkable – the area is much bigger than W11 or EC4, with mostly high rises, and quite a few new apartment buildings.
Postcode map from: ash-associates.com
Reduced recruitment and net job losses in the City are likely to impact more on E14 than further west, where the market is less dependant on the city (although greatly affected by it nonetheless). Buy to let landlords are also more vulnerable there as tenants face a choice of a dozen or so almost identical flats in a relatively new-build development.
Alot of the new property coming on to the market is new stock – from owners not able or willing to sell. In terms of the actual numbers of flats being let and the total number actually occupied we’re seeing modest growth on 2007 figures based on the total value of rents, from a sample size of around 1800 flats and houses currently let in London.
Barry
http://www.chard.co.uk