Rising rental demand in central London

LONDON (May 17): As the UK raced with time to accelerate its Covid-19 vaccination programme, working adults are slowly returning to London city centre. Property viewing activities in central London soared 46% in April compared to April 2019, reported Bloomberg.

As of May 15, 70% of the UK adult population have received the first shots of vaccine while 36% have taken their second jabs.

According to the report, many tenants are taking advantage of the current low rental environment and hope to secure a good deal before the city reopens.

David Fell, a senior analyst at Hamptons International, told the newswire that there are an increasing number of tenants looking for smaller homes in central locations as they feel that central London is “on the verge of opening up again.”

During the Covid-19 outbreak in March last year, many Londoners escaped from the city to rural areas during lockdowns.

The report also said rental demand for central London has increased 7% since early April, compared to the previous six weeks, according to the data from property portal Zoopla.

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