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Princes Gate, London, SW7
Guide Price £27,000,000
Holland Park, London, W11
Holland Park, London, W11
Guide Price £4,400,000
Garway Road, London, W2
£11,000 per week
Cornwall Gardens , London, SW7
£690 per week
Park Close, Ilchester Place, London, W14
£650 per week
Rents rise for the first time in prime London since start of the pandemic
This is the first time rents have increase in prime London since the start of the pandemic.
Strong rental growth continued across London’s commuter belt where demand from relocating families for three and four bedroom homes in regional towns and cities massively exceeded supply as ‘accidental tenants’ compete with try before you buy renters.
In the country markets, the study shows that connectivity has unsurprisingly become more important for those moving out of London while some wealthy tenants are opting to take a country house style residence in the London suburbs.
January 2019 arrived with an encouraging start for the housing market with some of Londons’ priciest properties selling faster than expected. Holland Park and Notting Hill contains of the most famous and sought-after roads in London and recent applicant interest is good news for all local homeowners.Luxury homes worth £10 million and more are selling on average within 6 months and achieving offers far closer to the asking price than has been the case since 2016. This is a massive change, since these properties were taking up to 18 months by the end of 2017. Reductions of the original price on these significant properties are as low as 10%, which is also better than in the past three years. Significantly, as a postcode W11 performed extremely well in 2018 compared to other prime London areas with prices remaining broadly static (Land Registry figures suggest an average price change of -0.9%).Following the impact of Brexit and political instability on the Continent we are seeing not only British but a welcome return from foreign buyers seeking to take advantage of the perceived stable investment offered by a luxury London home. We anticipate this trend continuing throughout 2019.
In contrast to the sales market, the prices of renting in the big city have been increasing. The average renting cost in London has hit £2,034 at the end of 2018, which is 5,3% more than 2017 according to the latest research from Rightmove.
The research also predicts another increase of around 4% in 2019, supply fails to keep pace with demand.
But if we look at the bright side, the prices are almost 3% lower than the projected rate of growth since Brexit was announced, leaving tenants with more money at the end of the month.
As Holland Park and Notting Hill remain to be within the most beautiful, fashionable and safest areas in London, the future of rentals continues to look bright. Large Victorian family villas and charming multi-coloured houses, give us the security of high demand and continues population.
Why Sandersons Loves Notting Hill
Notting Hill is a dream for foodies, especially if you love anything with avocado, and a coffee drinkers haven. “Breakfast Culture” still a relatively new concept in Britain, thrives in this area, with clean-living on the up and alcohol consumption on the decline. An area increasing in popularity with families who can rent or buy in an area with stunning stucco architecture and many communal gardens and great schools.
With easy access via public transport from four different tube lines and buses, the bright and quirky Portobello Road, The Electric Cinema, The Gate Theatre, the multitude of shopping opportunities not to mention the bars and restaurants offering cuisine from around the world and some truly fabulous cocktails – (one of my favorite bars in London is The Portobello Star), Notting Hill has really made its comeback as one of the most popular places to live in London.
"The best in the business"
The best in the business - A seamless and painless transaction – he truly understood our needs and was able to meet them.
Najib, Bank of America
"Honest and hardworking"
Honest and hardworking, but most of all, prepared to put in that extra effort to ensure complete customer satisfaction.
Jane, Let & Managed on Gloucester Terrace W2
"An agent I could trust"
An agent I could trust and who got the job done consistently.
Frank, Let & Sold on Elgin Crescent, Notting Hill W11
Extremely pro-active - Within a week a new long term tenancy was secured.
Gina, Let in Ink Building, North Kensington W10
"Highly recommend Sandersons!"
Highly recommend Sandersons! Got our dream apartment via agency. Throughout the process Ledian was super responsive via text, phone and email.
Najib, Bank of America
Extremely efficient, thorough and very supportive throughout the whole process.
Jo, Let on Bassett Rd, North Kensington W10
"Willing to go the extra mile"
Let our property in 24 Hours - worthy of recommendation - more than willing to go the extra mile.