> Rental Market Comment January 2015 | Plaza Estates London
Rental Market Comment January 2015
By Fiona Guthrie
// Fri 23rd
2014 closed on a high note, particularly at the top end of the market, with a surprising demand for larger properties being experienced in the traditionally quiet months of November and December.
2014 closed on a high note, particularly at the top end of the market, with a surprising demand for larger properties being experienced in the traditionally quiet months of November and December. The market still had quieter sectors so not all Landlords benefitted from this unseasonal activity but we are optimistic for 2015.
The lack of stock will firm up rents which in some sectors have dipped a little where demand has been patchy. The uncertainty in the sales market, due to the changes in income tax and the forthcoming General Election in May, should have a positive effect on the rental market this year. We expect to see more property coming onto the rental market and are already seeing an increase in enquiry levels.
We are excited to see the launch of the new property portal site “On the Market” at the end of January. The site is being widely promoted with an unprecedented multimillion pound advertising budget encompassing TV, the national press and well known magazines ensuring it is THE place to search for a new property. All profits are being re-invested back into the site to ensure it is the best property portal site on the market and will have a pure property focus without spam pop ups and annoying advertising. Our clients properties will be on the site on its launch day on 26th January.