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    Home > News > London Rental Demand Surge

    London Rental Demand Surge

    Tuesday, March 16, 2021

    Rightmove announced that it had the busiest day on record on Wednesday 28th May. More than 6 million visitors browsed their site.
    This represented on upsurge in people interested in purchasing London properties, giving a huge boost to the sales market but the portal registered a 22% increase in demand for lettings compared to the same point in 2019.
    This indicates that the lettings sector is already back to pre-Coronavirus levels.
    Now it has become clear that the supply is lagging well behind demand.
    Rightmove announced through Mark Shipside that the lack of available rental properties could push up rental prices and leaves scope for landlords to be more selective with tenants.

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    London Estate Agents / Enquiries / Sales

    Tuesday, March 16, 2021

    Nationwide expect a sharp recovery in UK house prices. Rics state that in their April survey sales levels will rebound to their previous levels within 9 months. The overall consensus is one of growth now. Given recent upheavals, it...

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