Insurance News Archive

London buy-to-let insurance holders see rental price rise

Written by Michael Brown

Buy-to-let insurance holders in London who own high-end property will see a lot of activity in the coming months, one expert has predicted.

Ed Mead, director at estate agents Douglas & Gordon, said that as the City has started the rehire and the top end of the market has "suddenly started being active again".

This means buy-to-let insurance holders in London may see more demand for their properties.

"That is a very sure sign at the top-end of the market that, although rents are down, there is some sort of recovery in demand, which seems to imply that the City is rehiring," Mr Mead added.

The expert added that the downturn in rental prices may now be over for buy-to-let insurance holders in London, saying supply and demand is now more balanced.

His comments follow figures from PrimeLocation.com which show that the average asking rental price in London was £775.05 in June this year.

23 Jul 2009