London Property Rental Market Still Driven by City of London Growth

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) April 7, 2008 -- Says Paramount's lettings director from their prestigious West Hampstead estate agents offices in West End Lane, Spencer Lawrence: "We are experiencing a surge in corporate enquiries for exclusive houses and apartments this year as young European and American professionals and their families continue to move into the area.

'The Jubilee line is a huge pull for these overseas professionals. It’s unique in providing access to Canary Wharf, the City, the West End, and the rest of North West London. Education is vital to these families and Hampstead and St John's Wood have some of the best international schools in London. West Hampstead offers plenty of independent shops and has a cosmopolitan feel.'

"We are letting properties almost as soon as they become available, and so would advise anyone considering buying a property to let, or thinking about renting out a property they already own, that now is a fantastic time to do so. We are receiving enquiries for all types of quality properties for rent in all areas of North West London. The rent is virtually guaranteed especially when paid by a company. Indeed large companies often pay quarterly in advance generating good cash flow for landlords."

Whilst Spencer believes there are many excellent opportunities available for landlords considering investing in West Hampstead, he stresses how important it is for landlords to seek expert advice from an independent specialist in order to make the most from their investment: "An experienced letting specialist such as ourselves who knows the local market inside-out can help landlords make the best decision when choosing a property to let," he said. "Our ARLA-qualified lettings agency staff give expert advice - free of charge - on everything you need to know: from what and where to buy in West Hampstead and which properties to avoid, to what features are most in demand by corporate tenants, and how to obtain the best rental value for your property."

New figures from the Association of Residential Letting Agents reveal that one in five buy-to-let investors intends to sell some or all of their properties over the coming year, a 31 per cent increase on three months ago. Repossessions are at a 10-year high and the withdrawal of mortgages over 75 per cent for first-time buyers means many wannabe homeowners will be forced to rent.

Paramount Properties are offering landlords in West Hampstead special rates for a limited period. For more information about this - or for a free rental appraisal - please contact Spencer Lawrence on 020 7644 2331 or email info@paramount-properties.co.uk

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