Saturday, June 12, 2010

London Rental Property Leads the Way

London property prices dipped in the recession, but they’re on the rise again. It may be wiser to look at renting a property rather than buying in the capital.
For property to rent, London leads the way. It is the most sought after location, and rents can often match!
Think of areas such as Bayswater, Chelsea and Knightsbridge and you’re at the luxury end of the property market – not just in London, but in the whole country.
In the heart of Little Venice in Bayswater, a 12-bedroom period property on five floors is on the rental market for £16,000 per week, or nearly £70,000 a month. You’ll also get a reception room with bar area, nine en-suite bedrooms and its prime location. Keep saving!
However, that’s not the whole story. When considering property to rent, London is large and varied. Towards the other end of the scale, for only £375 per week you could get a two-bedroom open-plan flat on the fourth floor of a modern apartment block in Butlers Wharf, once the largest warehouse complex on the Thames, not far east of Tower Bridge on the south side of the river.
So although the headlines about the cost of property to rent in London may appear frightening, you can find many different types of property in all sorts of areas, which will suit almost any budget.
With the 2012 Olympics now on the horizon, London is set to become a more popular city than ever before. The east of the city has benefited from the Olympic development, making the whole London area vibrant, modern and exciting.
(ArticlesBase SC #1494176)
Bill James - About the Author:
Bill James has been working in the advertising industry for over 15 years. He enjoys writing about motorbikes and pets, especially unusual pets for sale.