London agent forecasts demand surge in key lettings sector

  • By Bertie Russell
  • 29 December 2017

The lettings director of high-end London lettings agency Russell Simpson says he expects the capital’s rentals market to blossom next year – and one sector in particular to see a surge in demand.

Charlie Woods says families have driven the capital’s market for three and four bedroom homes, thanks to the lack of supply on the sales side. “The cause has largely been down to homeowners sticking with their existing properties and choosing to renovate or extend, rather than taking a gamble on the market and buying somewhere new” he says.

Woods believes this will continue in 2018 and whilst all sectors of the lettings market in London should do well, there will be particular surge at the £1,000 to £1,200 per week segment, thanks to students “coming in strong in one of the final years EU citizens are guaranteed equal education fees and entry requirements.”

Read the original article on the Letting Agent Today website.

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