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W A Ellis’ overview of this week’s market - 27/08/2010

Published: 27/08/2010 - 07:52

With the recent surge of activity in the market, the stock levels within central London are dropping week by week dramatically.  There are very few new properties coming on to the market and, as we mentioned before, more people seem to have come in to the City than normal for this time of year.

There are an abundance of high net worth foreign students coming in looking for one or two bedroom flats and there is an extreme shortage in this area of the market too.

The family house market has become busier with people looking to quickly get settled before the start of the school year and renewal increases continue to rise as tenants continue to pay over the odds to stay.

We anticipate that the market will continue to be busy with tenants trying to outbid each other for the best available stock.

Lucy Morton

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