Since May, Chestertons' Kentish Town office has sold 50% more properties compared to the same period in 2019. The end of the first national lockdown triggered a huge increase in the number of buyers looking to move; the result of a combination of pent-up demand and the desire for gardens and space to work from home.
The lettings market in Kentish Town has also been very busy since the beginning of summer and Chestertons rented 41% more properties between July and September compared to the same period in 2019.
Although a number of new tenants looking in the area tailed-off in the second half of October, demand picked up again throughout the second lockdown as people could see a definite and much shorter end date; unlike the first lockdown.
"Although we are agreeing a record number of new tenancies, the supply of available properties is higher than usual and landlords need to be competitive with their pricing the minimise the risk of a void period. It is also more important than ever to ensure your property is showing at its best to stand out from the crowd. We have a number of tips for landlords so please contact me if you need some help in this area."
Thomas Watkins, Kentish Town Lettings Manager - +44 (0) 20 7472 6534
Read the full report below for an in-depth review of the residential property market in Kentish Town.