Property News · October 7, 2019

Super-rich renting London homes for £5,000-plus a week amid Brexit worries


Weak pound means overseas tenants able to increase budgets, says Knight FrankMounting uncertainty around Brexit and the global economy has prompted growing numbers of super-rich people to rent rather than buy in London, with demand for lettings at £5,000-plus a week hitting a seven-year high. Knight Frank, the upmarket estate agent, recorded 40 lettings for super-prime properties between April and June, up from 33 a year earlier and the highest second-quarter figure for more than seven years. There were 153 super-prime tenancies agreed in the year to June, up from 130 and the highest annual total. Super-prime tenancies are defined as those at £5,000 or more a week. Continue reading…

Source : theguardian.com
Read more…Super-rich renting London homes for £5,000-plus a week amid Brexit worries

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