Londoners are somewhat caught in limbo land. Although the lockdown has been lifted, many home movers are still a little cautious about putting down permanent roots with a purchase. Instead, they are opting for the flexibility of renting – a tenure that allows them to sign up for six months and re-evaluate regularly as circumstances change.
For others, there is a newfound ability to split time between two locations – perhaps because of more flexible working patterns or a shift to self-employed status. Renting is a great way to keep a base in London without having money tied up in a huge deposit or too much property maintenance to think about.
This new fluid lifestyle is fuelling the South West London lettings market as we move into autumn. Our team can hardly recall a time when so many tenants are making ‘over asking price’ offers and competitive bid situations are being overseen. As a result, record rent values are being achieved – largely in part due to a lack of stock in our local area.
If you are on the fence about renting out a home you own or have been pondering a property purchase specifically for buy-to-let purposes, now is a great time to make the transition. We have an ever-growing list of tenants waiting for rental accommodation and our full management service will ensure your investment is totally ‘hands off’.
It’s not far off the mark to say we may have viewings and offers for your property within 24 hours of coming to market. If you’d like to help address the chronic shortage of rentals in SW London, get in touch today.