This bright and spacious 3 bedroom 2 bathroom apartment located at Addison Bridge Place,W14 is available now for £762PW! For any enquiries on this property contact us on 02037272628 or email us at hello@jeremyjacob.co.uk! #JeremyJacob #Lettingsagency #W14
0 - 0
This cozy 2 bedroom 2 bathroom apartment is located on Bramber Road,W14 for £675PW! For any enquiries on this property contact us on 02037272628 or email us at hello@jeremyjacob.co.uk
0 - 0
This fantastically modern apartment located in Kensington Mall,W8 is available now for £600PW! For any enquiries on this property contact us on 02037272628 or email us at hello@jeremyjacob.co.uk
0 - 0
This cozy studio apartment located at Palace Gardens Terrace is available now for £450PW! For any enquiries on this property contact us on 02037272628 or email us at hello@jeremyjacob.co.uk!
0 - 0
The Bank of England base rate of course had been up until recent months at a historic low, but there is always the possibility that it could rise from it's present 4.25%.
If the base rate were to increase by a further 2% to 4%, the UK rental market would be significantly impacted. Firstly, landlords who have variable rate mortgages would see their mortgage repayments increase. This would lead to an increase in their costs, which could be passed onto tenants in the form of higher rents.
As a result, tenants would have to pay more for their accommodation, which could cause financial strain for those on lower incomes.
Secondly, the demand for rental properties could decrease as potential tenants may decide to purchase a property instead.
This could lead to a reduction in rental prices as landlords compete for tenants. However, this would only occur if the increase in mortgage repayments did not offset the reduction in demand.
Thirdly, the supply of rental properties could decrease as landlords may decide to sell their properties instead of continuing to rent them out. This could lead to a shortage of rental properties, which would further increase rental prices.
Fourthly, the government may introduce new policies to address the issue of rising rental prices. This could include rent controls, which would limit the amount that landlords could charge for their properties.
Alternatively, the government could introduce incentives for landlords to keep their properties on the rental market, such as tax breaks or grants. In conclusion, if the Bank of England base rate were to rise by a further 2% to 4%, the UK rental market would be significantly impacted.
0 - 0
As we approach the end of the first financial quarter, it's worth taking a look at the rental market in Kensington and Chelsea. The past few months have seen rents steadily increasing, but it seems that this trend may now be tapering off. This is likely due to a combination of factors, including the wider economic uncertainty caused by the current banking system pressures, and a cautious jobs market.
Despite this, Kensington and Chelsea remains one of the most desirable areas to live in London, and demand for rental properties remains high. This means that landlords and letting agents are still able to command high rents, particularly for properties in sought-after locations. However, it's worth noting that tenants are becoming increasingly savvy when it comes to negotiating rental prices. With the wider economic uncertainty, many are now looking to secure longer-term tenancies and are more likely to push back on rent increases.
It's also worth considering the impact of Brexit on the rental market in Kensington and Chelsea. While it's still too early to say what the long-term effects will be, there is no doubt that the uncertainty surrounding the UK's departure from the EU is having an impact on the property market as a whole.
Overall, it seems that the rental market in Kensington and Chelsea is currently in a state of flux. While rents have been steadily increasing for some time, it's possible that we may now see a period of stability or even a slight dip in prices.
However, with demand for rental properties remaining high, it's unlikely that we'll see a significant drop in rents anytime soon. As always, it's important for landlords and letting agents to stay up-to-date with the latest market trends and be prepared to adapt their strategies accordingly. By keeping a close eye on the rental market in Kensington and Chelsea, they can ensure that they are well-positioned to take advantage of any opportunities that may arise.
0 - 0
Check out this article to see if house prices are falling in your area! www.nationalworld.com/lifestyle/money/house-prices…
0 - 0
Check out this article about UK house prices in Kensington and surrounding areas from the FT Adviser!
t.co/4UvVKsY5Gb
0 - 0
Jeremy Jacob Letting Specialists are a residential letting and property management agency in The Royal Borough of Kensington and Chelsea (and surrounding areas). We aim to provide video content of our company, properties, the area with up to date market commentary for you.
Please do visit us at www.jeremyjacob.co.uk
Joined 1 May 2006