If you’re visiting the capital on business, for pleasure or to view properties in different locations with a view to purchasing, renting a house or apartment could prove the perfect option.
Whether it’s for a week, a month or a much longer period of time, renting a high-end property ensures that you remain in a truly home from home environment. Leading London agents report that there was a record number of super-prime tenancies agreed in London in 2017 as price-sensitivity in the sales market continued to boost demand. However, an anticipated recovery in sale prices means there are more ‘try-before-you-buy’ tenants. As well as more transactions, the deals agreed are now on a longer-term basis as renting becomes more accepted as a tenure model in the super-prime market.
Impressive and stable prices in the lettings market indicate that Knightsbridge retains its enduring appeal as a ‘safe haven’ and one of the most sought-after places to live in Central London. Further research has found that high profile ultra-prime apartment buildings have attracted premium rental values with, in some cases, minimal discounts between asking and achieved prices. The quality of the pool, gym and spa facilities, residents’ lounges, cinema and conference rooms, appear to be a powerful attraction for tenants.
