Top-end London lettings being snapped up
Published: 17-Jul-2008
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High-end properties for let in central London are benefiting from improving demand, according to an estate agent.
Hannah Read, lettings manager at EA Shaw, said that demand for residential lettings of this type is being driven in part by moneyed overseas residents.
She told Country Life: "We are seeing steady demand from domestic and international tenants looking to live in the heart of the capital.
"Those relocating from overseas want to experience what the bustling areas of Covent Garden and Soho offer and want an apartment to match their expectations."
Ms Read identified new build apartments with modern, sleek designs as well as warehouse conversions as being particularly sought after.
She added: "Covent Garden's Neal Street is known and desired by many and when apartments are on offer there they move quickly.
"The top end of the lettings market seems to be following a similar pattern to what is happening to the prime and super-prime sales markets."
According to the Association of Residential Lettings Agents, the average rent for a house in London currently stands at £3,000 per month.
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