When is the best time of year to flat-hunt in London?
Hello there,
Not only could this be a good time to hunt for a flat, but it may be the best time in years to buy them as well. For some reason, home buyers seem most interested when prices are high.
We all like to see minimum priced offers in the prime locations of London such as Mayfair, Kensington, Regent Street and Marble Arch that have seen something of a revival in the past few years, with many new apartments and flatscoming up.
You should conduct a property search through real estate agents to easeyour purchase.
For example, In London you can look for the Plaza Estates firm that gives you information about rentals as well as properties for sale in every region.
Actually, I don’t think you’re correct in thinking that prices fluctuate throughout the year. If you’re talking about buying, then that is true, but in rental terms it really isn’t correct. Think about it – when a property is let, a landlord would typically sign a 12-month contract, during which time he can’t increase the rent. If, for example, February was a quiet time and there was less demand, but in April things picked up, the landlord would probably be better off leaving the flat empty for those two months and then letting it for the full market price in April, rather than letting it at a discounted price for a whole year. Remember that rules of supply and demand don’t apply in London the way that they do in other places, for the simple reason that demand will *always* far outweigh supply, especially in the centre of the city. Time of the year certainly can make a difference when it comes to ease of finding a property – for example, around Christmas/New Year then it can be hard to
