Herbert Crescent SW1X £7000 per week at M2 Property

Knight Frank‘s residential research says that the demand for rentals costing £1000, or $1990 a week rose close to 10% in 2008 compared to the same period in 2007. Here are some interesting details from an article in International Herald Tribune:

Most popular areas among the wealthy tenants are in central London – Belgravia, Knightsbridge, Kensington and Mayfair. Preferred types and rents in these areas:

- 2-bed apartment, starting at 800 square feet (74m2) that typically costs from £650 to £5,000 per week;

- 3-bed apartment about 1,200 square feet (112m2) will rent for £1,000 to £10,000 a week;
- Houses typically at least 2,000 square feet (186m2), rent for £1,500 to £8,000 a week;

The following statement sets some light on why Roedean Crescent is so carelessly priced:

Tim Hassell, rental manager of Foxtons real estate in Sloane Square: “At the upper end of the market, money isn’t an issue; tenants don’t mind if they’re paying £2,000 a week or £3,000, or even more.”

Really?

This entry was posted on Monday, May 5th, 2008 at 5:22 pm and is filed under For Tenant. 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.