Will frustrated buyers consider flats to rent in London?
flats to rent in London might be seen as an attractive option as property experts insist the housing market in enduring negativity and fewer people purchase abodes in the UK.
David Amstell, founder of industry website Briffy.com, suggested that the sector is starting to endure its worst period for buying and selling after prices were said to have peaked for this year.
He responded to figures published by Rightmove for July, which revealed that valuations have dipped by 0.6 per cent and an annual rise in the cost of buying that previously stood at seven per cent has been wiped out.
Mr Amstell believes these statistics highlight the depressed state of the market at the moment, analysis that may get some would-be purchasers thinking about flats to rent in London.
He said: "We are in the doldrums and then everyone is looking forward to December, so it is the worst period in the whole year for buying and selling houses."
By Andy Britten
Published 20th July, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Brixton to benefit from £75m regeneration
An estate in Brixton is to be improved thanks to a £75 million development project.
Read Article ... Published on 16th May, 2012
Olympic concerts to be held at Hyde Park
A series of Olympic-themed concerts are to be held at Hyde Park.
Read Article ... Published on 15th May, 2012
Southall estate to benefit from £196m regeneration
The Havelock Estate in Southall, Ealing, will be constructed as part of a £196 million regeneration programme.
Read Article ... Published on 14th May, 2012
Haringey Council creates £1.2 million community fund
Up to £1.2 million has been made available for community initiatives in Haringey.
Read Article ... Published on 11th May, 2012
Clapham Junction estate to be regenerated
A project has been announced that could see Clapham Junction regenerated.
Read Article ... Published on 11th May, 2012
Barnet to host Diamond Jubilee Festival
A Diamond Jubilee Festival will take place at Barnet's Golders Hill Park.
Read Article ... Published on 10th May, 2012
Edmonton Green leisure facilities to be overhauled
Leisure, art and retail facilities in Edmonton Green are to be drastically improved thanks to a new regeneration plan.
Read Article ... Published on 10th May, 2012
West London 'most popular Olympic rental zone'
West London is set to be the most popular location for Olympic rentals.
Read Article ... Published on 9th May, 2012
Londoners spend 71% of income on rent
London households spend 71 per cent of their take-home pay on rent.
Read Article ... Published on 8th May, 2012
London Pleasure Gardens 'to transform Newham'
A 15-acre site in Newham is to be turned into the London Pleasure Gardens.
Read Article ... Published on 8th May, 2012
An expert's assessment that the housing market is depressed might encourage people to search for flats to rent in the London borough of Bexley.