The Rentals Market

“Currently, we urgently need more properties to rent for our blue-chip tenants, in order to maintain the balance of the market.”

Residential rentals activity across the board have had quite a good time of things, with limited stock and rising rent levels..

The spectre of a looming Labour government… 

We are seeing more and more elderly customers choosing to rent permanently, after they sell their family home, rather than buying. They save the stamp duty and can choose to either use the cash for investment to assist their lifestyle income or partly to give some away to their families, thus avoiding inheritance tax. 

This flexibility seems to suit some clients, particularly as the spectre of a looming Labour government becomes a reality in two years’ time, which undoubtedly will target the middle classes for ‘special treatment.’ 

We have set new precedents for ‘Uber Rentals’ on some of our trophy landmark properties and have achieved staggering figures for these, one of which exceeds £34,000/week.

This effectively represents a 5-year, rentfree facility… 

In some cases, these ‘Uber Tenants’ are choosing to rent trophy properties, rather than buying same, since they can save 17% stamp duty, together with solicitors and agents fees over the term. This effectively represents a five year, rent-free facility, without the need to tie up their capital in the property. This is a further illustration, as if we need more, of the distorting effect that draconian stamp duty rates have on the marketplace. Currently, we urgently need more properties to rent for our blue-chip tenants, in order to maintain the balance of the market. 

Our substantial global reach 

Using our substantial global reach, we do tend to find the best tenants, both from the UK and the international market, for our unique rental property portfolio