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Andrew_Nunn_April_2017online

Rents fall for first time in six years It has been widely reported that the average monthly rent for newly let properties has fallen for the first time since late 2010. Last year’s vote to leave the EU has undoubtedly created uncertainty in the demand-side of the market, and that combined with an increase in the supply of properties becoming available has resulted in a fall in short term rent. This increase in supply can be attributed to both a surge of new builds and to last year’s measure to introduce a 3% stamp duty for second properties which saw a number of landlords purchasing ‘last-minute’ buy-to-let property. To combat lower demand and higher supply, landlords have had to make their property as attractive as possible - by reducing the asking price – or face void periods as their property sits on market for longer periods. “It is a tricky market for our landlords, but as long as a property is presented in its best light, and the asking price is reasonable, the property will let. This month has shown that demand is improving, with many of these ‘competitively priced’ properties being snapped up as the spring-rush begins, but it is now as important as ever to ensure that properties are marketed properly” suggest Katherine McDowall. Restaurant of the Month Honest burger has moved into town, occupying the premises where the Cabin Restaurant used to reside. According to friends of the office and looking at the reviews from the likes of Time Out, you won’t beat these burgers. Described as ‘Fast food at the top of its game” Time Out they pride themselves on using good British produce to make simple burgers well. This is on the list for the next office outing and we cannot wait to try it, let us know if you have any recommendations. The Rib Man looks to die for! Contact Information 148 Chiswick High Road, London, W4 1PR 020 3019 7787 www.honestburgers.co.uk


Andrew_Nunn_April_2017online
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