Ashley and Aggie
Ashley Clements, Lettings Manager of Horton and Garton, casts his eagle-eye over the latest post-lockdown trends…
‘Is this the best time to buy or sell a rental investment? Traditionally, September heralds the busy season in lettings and at Horton and Garton we’re perfectly positioned to identify what’s happening in the market. Our experience and detailed local knowledge has never been more vital when it comes to advising clients and achieving the best result and price.
‘Clearly, this year’s unique events have prompted many people to re-assess their short and long-term property future. We’ve seen a “bottleneck bounce back” with a higher demand for properties with outdoor and work-from-home space, the Stamp Duty holiday has prompted a burst of buyer interest and vendors and landlords are also looking to take advantage of this uplift by listing and selling their homes before April 2021.
‘Post-lockdown, there were more new rental listings than prospective tenants and, to avoid being left with empty properties, landlords were accepting up to 10% less on rates than previously. We’ve also seen a significant increase in enquiries from landlords who are considering selling; they have been affected by legislative changes – licensing, tax, electrical testing – and the tenant notice period, which was raised to six months (it had been three) at the end of August.
‘Finally, on behalf of both our Chiswick and Hammersmith offices, I’d like to say a huge thank you to all our clients. Recently, we won five Customer Service awards at the prestigious ESTAS National Property Awards; they are based purely on customer feedback and not only did we win two Golds for being the Best Lettings Agents, the Chiswick office won Silver in the Best Estate Agent in West London category and Paul Cooney, Director of our Chiswick branch, beat every other UK estate agent to win a Gold “People” award for the second year in a row.
‘If you would like to find out more about developments in W4’s lettings market, do get in touch with us.’ – Ashley Clements MNAEA MARLA, Lettings Manager.
Horton and Garton
18-24 Turnham Green Terrace
Chiswick W4 1QP