There is more demand now for London flats

We are a business excelling in providing schemes that will guarantee you receive your rent every month. In fact, many landlords think of us as the foremost establishment offering help with guaranteed rent Hackney has. Our services are extremely popular because they offer so much value. Working with us is one of the easiest and most effective ways of being a landlord.

Flats are back in fashion

Guaranteed Rent HackneyOne thing that has been made clear is that London flats are back in fashion in a big way. This is after they fell out of favour considerably during the pandemic and the “race for space”.

There has been a release of pent-up demand from first-time purchasers. These are ones that had put off their purchasing decisions during the lockdowns. In addition there was an increase in rents as London began to fill up with workers and students again. The result was a massive increase in demand for smaller properties.

According to a survey, flat costs are managing to outpace the complete property market in five London boroughs. Hackney is among them. This is a shocking reversal of the trend that took place during the last two years. In eight other boroughs, flat costs have nearly caught up with the general market.

London is making moves again

A representative of agents James Pendleton said that London is on the move again. There hasn’t been an exodus though. In reality, many young purchasers chose to rent to give the pandemic time to calm down. For this particular reason, the lettings market became red hot.

Those purchasers that placed their purchases on hold are now experiencing a certain reality. This is that borrowing costs are increasing. Many of these people are first-time buyers who are in a rush to play catch-up. For this reason, the estimation is that London flat prices shall put in a robust performance in 2022. Give our team a call if you wish to work with the best company working in guaranteed rent Hackney has.

Flats lacking external space became much harder to sell during the pandemic. Buyers were mostly after bigger houses with gardens. In 2021 to September, London flat costs were only able to inch forward on average of 0.74%. Comparatively, detached house costs rose 9.18%, semi-detached ones rose 7.33%, and terrace house costs rose 4.92%.

According to Rightmove though, they have seen this same market flip-flop in the trend over the last few months. There has been more activity for flats. If you compare with last year, January saw a 27% increase in flat demand in comparison to other buildings. That corresponds with the renewed demands to live in the capital following the ease of restrictions.

Speak to us about guaranteed rent in Hackney

At Guaranteed Rent, we do a lot of work to keep the clients happy. For one thing, we have an excellent track record of achieving healthy rents. This allows us to gain superb returns for all portfolios. Additionally, we like to conduct periodic inspections. We prioritise this because it goes a long way to giving landlords peace of mind. No assets will be left out when we do our inspections.

So, if you require the greatest services for guaranteed rent Hackney has, contact us today. We offer flexibility with a choice of terms to suit any need. Plus there are no fees.