LDG’s lettings team experience busiest September since 2007

Sept. 22, 2010 - PRLog -- West End specialist estate agency, LDG’s lettings team are experiencing their busiest September since before the economic downturn, thanks to an increasing number of rental enquiries from both professionals and students.

Tony Lam, a lettings agent at LDG, says: “September is usually student season and literally hundreds of students have registered with us, but this year, we have also seen the return of the professionals, and the result has been our busiest September since 2007.

“There has been a noticeable increase in professional renters who are typically aged between 28 and 32 and mostly work in the financial sector. Budgets are usually between £350 and £450 a week for those looking for a one bedroom apartment and £500 to £600 a week for a two bedroom apartment.

“Due to the high volume of rental enquiries, well maintained properties are being let within a couple of days of us marketing them. For example, we are managing a new development block of three, one bedroom flats on Foley Street (W1W), all of which were let within 48 hours to European finance professionals who are working in the City.”

Tony believes that the student population has also become more affluent this year, he says: “During the past few years, rental properties in the West End have been unoccupied over the summer as the parents of international students were less willing to pay for periods in which the property would be empty. However now, parents are happy to pay the rent on a property over the summer months to secure it for when their children begin studying. Some students are willing to pay up to £1000 per week in rent.”

For further information and to enquire about properties LDG is currently marketing, please visit www.ldg.co.uk  or telephone: 020 7580 1010.