So, Proper Local is now up and running and we'd be delighted to let your property in E14.
As we come into September - traditionally the busiest month of the year for lettings - its fair to say that tenants do have a fair amount of property to choose from in Canary Wharf, and the surrounding areas.
With the recent completions in London City Island, Talisman Tower, Duckman Tower, Charrington Tower and most recently Horizons Tower, it is fair to say that this additional stock has had an impact on achievable rental prices in E14. But perhaps more importantly, because tenants have more to choose from, its the increased amount of time it can take to rent a property which is more important. And for me its always been the case that WHEN is more important than HOW MUCH (within reason of course!)
I would suggest that rental prices have eased by around 5% in the area over the last 12 months, but void periods between tenancies are longer than we have traditionally experienced.
This isn't to say that the rental market in E14 is weak, far from it, but the area is 'victim' to a large number of developments completing within a very short timeframe.
What will always remain true is this: accurately priced, well presented and marketed properties will always rent. And Proper Local can do this for you.
For all Landlords who instruct us before Friday 16th September we are offering 50% off our already competitive fees.
Do get in touch to find out more (and watch out for our advertisements in The Wharf and Canary Wharf magazine this week.)