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Estate agent WA Ellis says the lettings market in Prime Central London is buoyant with a 14% increase in tenancies starting compared to the same period last year (August 2013 to August 2014).

Lucy Morton, senior partner and head of lettings at WA Ellis, said: We have been surprised by the level of activity over what is usually a very quiet month, with a 14% increase in tenancies starting compared to the same period last year (August 2013 - August 2014).

The seasonal student market is in full swing, with students focusing on finding accommodation for the upcoming year and demand exceeding supply.

We agreed two Face-Time' deals this month. The first was a three-bedroom house in Thurloe Place Mews. The tenants, living in California, were talked through the property over the phone and using Face-Time via the iPad, backed up by additional photographs, and are now happily settled in their new home in South Kensington.

The second example were two students in Norway who were looking to secure a property before arriving in London, and have now signed up for a two bedroom flat in Hertford Street. This highlights a new breed of techie tenants who are savvier than ever before in their approach to the property market. We are also noticing an increasing trend of tenants coming back to the market and looking for new rental properties as a result of their landlords opting to sell ahead of the new capital gains tax, which is set to affect foreign owners from 6 April next year.

Comments

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    Might be worth checking what the legalities are of someone signing without seeing the property - in my professional opinion it leaves you fully exposed should the incoming tenant not know the location or surroundings and then decides on sight that the property isn't actually for them - I am not sure any form of 'I am happy to take this without actually seeing it' signed waiver will actually stand up in court - can any legal chaps out there please clarify

    • 09 September 2014 09:54 AM
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