London rental market steady during 2012

[Nicholas Wallwork]

The London rental market has had a mixed outcome in 2012 but has largely been steady throughout the year, according to an end of year report from lettings section of agents Aylesford International. It has seen an increase in enquiries throughout 2012 for properties ranging from £10,000 to £20,000 per week. Interest includes company moves, [...]

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[cesc]

Interesting. I would have thought rental market would have increased over the past year assuming that people are less inclined/able to buy in this economy.

 

[TurnKey Landlords]

True, but this also means that people are less inclined to purchase BTL. The overwhelming majority of landlords are between 35 and 55 and have owned their properties for over five years, according to ARLAs Q3 survey. There has been a mild increase in the average number of properties owned, but nothing like the spike seen in the middle of 2011.

The information I expected - that tenancy lengths are being seen to increase - appeared at the bottom of the article. Aside from a brief flurry of life during the Olympics, 2012 seems to have been the year of 'staying put'.