Sophie Levy, Area Lettings Director at Marsh & Parsons Barnes, looks ahead to a lively first few months of the new year.
2018 is off to a great start, as predicted, with the number of tenants actively searching for properties increasing now that the distractions of Christmas are over. January. in particular, is always a busy time for us and we see competition for properties amongst tenants escalate, which of course can suddenly push prices higher, after a lull in December.
Barnes remains a highly popular area for corporate tenants relocating to London thanks to its excellent local schools, fast transport links into the City, and its village atmosphere.
Demand from international tenants relocating to London certainly picks up in the first few months of the year.
We’re also experiencing increasing demand in the area from younger professionals and couples, however the supply of good quality one and two-bedroom flats can be sparse, meaning that prices hold their own in busier markets.
As we progress further into the traditionally busy spring market, I anticipate that demand will rise further still and prices as a result will rise again. The rental market in Barnes is at its most buoyant in the spring, with corporate demand at its height. At the same time, families are looking to secure homes before the new school year commences.