Rental market in a good position as summer’s peak letting season arrives

The peak summer letting season is upon us – and investors need to be ready if they are to capitalise on the seasonal increase in demand. This is the time when London’s rental market is traditionally buoyed by a new wave of prospective tenants coming to the capital, as graduates migrate here to start their careers and students at our world-class universities look for their new homes.

This year,  we are likely to see exciting prospects for young professionals and families in the capital who are looking to rent. According to government figures record numbers of people are in work, which should help create  demand to underpin rental values.

It pays to be prepared. Investors should ensure that their properties are ready to market in good time, using a reputable letting agent with a strong local and online presence. Potential tenants will be scrutinising photos on property website looking for quality properties, so it’s important to ensure they are as camera-ready as possible.

Both investors entering the market long-term and discretionary landlords should take steps to carry out any upgrading or maintenance work ahead of time to make sure properties are as appealing as possible to the target market.

Stephen Ludlow, Chairman at ludlowthompson, comments: “The capital’s rental market is in a healthy position as we head into the peak summer season, but investors will want to be ahead of the competition.”

“With employment running so high, there’s wide scope for good properties to secure long-term tenancies, which minimise void periods, so there are both seasonal and potential longer-term opportunities for both Landlords and Investors to grasp now.”