One of the biggest growth sector in the London property market in the past 3 years is the capital’s rental market.
Statistics reveal why over 30 percent of households in inner London now rent privately. This is expected to rise to 40 percent by late 2020, as renting increasingly becomes a lifestyle choice and not just an economic necessity. A person’s rental property is not just a property to them it can be their lifestyle, their nights in, their dinner parties, their families first home. At Aston Chase Estate Agents London we know that your living arrangements can mean a lot more than just that.
There are many reasons for the rise of the London luxury rental property market. Firstly being, that you can afford it, but also we should factor in the other reasons. Renting a luxury property comes with a luxury service from your estate agents which will relieve you of the stress and frustration associated with the extremely competitive lettings market in London. Luxury property estate agents in London have extensive knowledge and experience to guide you through the search and administration processes involved. Luxury real estate agents can also advise you on your rights as a tenant and your legal obligations when signing a tenancy agreement.
Working with an experienced luxury property letting agency also gets you the best quality in build and finish. Due to the different standard of living, the luxury rental market had to be divided into ‘prime’ and ‘super prime’. This is a representation of the specifications on the property. Branding can be important to some and having a Miele kitchen might not be enough but are looking for at least a Gaggenau Kitchen. This is dependent on style and what people like. Luxury rental properties can sometimes come with much more than what is expected for example a gym or a swimming pool, cinema area or even a walk in wardrobe again this is very much dependant on what the client is looking for.
Knowledge of the prime locations in London that matches with, what you are in the property market for. This can only come from experience and knowing the London property market. Having this reputation gives estate agents the advantage of the first and top pick of properties. This privilege not only comes with rental properties but with selling and buying luxury property to.
One other reason for the boom in rental properties is due to companies lodging clients or high employees from overseas or further out from London. This is a property that is rented out by a corporation for the weekly, monthly or yearly use for those high power individuals that are used to this type of luxury.
Aston Chase Real Estate Agents were established in 1985 and hold the highest of reputations in central and north London’s prime locations including areas like Regents Park, Hampstead and Primrose Hill. Every client is dealt with the utmost importance and attention to detail when ensuring they get what they have asked of a property and much more.