Uncertainty in the London property market has left many potential buyers still renting. Even those who could afford to buy prefer to wait and see what will happen. Most of those would-be-buyers are signing a short term contract these days, as it gives them the option to change plans quickly. Telegraph writes:

“Lets between one and five months are now common,” says Kari Trajer, associate director with lettings for Hurford Salvi Carr, who has just opened up a division specialising in short-term rentals.

Short-term renting is flexible, but expensive and often costs between 40-50 per cent above a standard rent, though this will often include attractive extras such as porterage, utility bills and cleaning. A cheaper option is to negotiate a break clause in a longer contract.

This entry was posted on Thursday, April 17th, 2008 at 10:50 pm and is filed under Short Let. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.