Thursday, June 26, 2008
Hamptons latest – true or false?
Residential agent Hamptons International is seeing a marked increase in available rental properties across the capital with a 40% rise in rental stock. Areas such as Chelsea and Tower Bridge are seeing rental stock increase by up to three times as much as the levels experienced this time last year. Hamptons says rental stock is soaring as a result of would-be buyers renting out their property while waiting for the sales market to pick up.Kate Whotton, regional lettings director at Hamptons International, says: “The aftermath of the credit crunch has caused some interesting changes to the lettings market.