Home >
News >
Summer Rentals go for More
Wednesday, June 27, 2012
London properties rented out in August and September go for 11%
more than the same property would have achieved in December,
according to Edmund Cude, London's oldest lettings
agency.
London landlords can benefit from significantly higher rents if
they get new tenants in their properties in the summer rather than
the winter.
This price seasonality in London's already hot lettings market
is having the effect of increasing yields for those landlords in
the know.
Robert Nichols, Director, Edmund Cude, said: "An 11%
higher rent should not be ignored by the capital's landlords. By
having a well-placed break clause in a tenancy agreement, landlords
are able to re-synchronise tenancies.
"It might be that demand for short-term Olympic rentals
comes late, but seasonal summer interest from recent graduates and
corporate tenants is available every year. London landlords need to
think about how they can benefit from better organised tenancies
which start in the summer when demand peaks."