The prime central London (PCL) market has seen growth of 2.9 percent in the first half of 2014 compared to falls of 1.9 percent over 2013, according to the latest figures.

There has been a return of the family market, resulting in rents increasing 3.4 percent for houses and 0.9 percent for flats. The prime outer London markets – including areas such as Wimbledon, Islington and Clapham – have also benefited from the pick-up in demand for family housing over the last three months.

International tenants are more dominant in the market than those from the UK – accounting for 75 percent of tenants in 2013 and the first half of 2014. For tenants, the largest employment sector is financial and insurance services – although there is evidence this profile is widening.

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About the author

Nicolas Holmes

Nick joined Robert Holmes to inject fresh ideas and help grow the New Homes department of Robert Holmes as well as helping to inject technology into the business and to grow its client base. Together with one of the Directors Nick is in charge of all Development opportunities that Robert Holmes deals with along with sales. Aged 40, he provides succession together with the two existing directors. Nick has always been focused on building client relationships and sales. He built up his own gallery in Chelsea, where he had a loyal following of customers and artists.

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