“London remains a top travel destination in the world” says market report creator Brian Lowenberg; he goes on to say “The report provides a detailed prospective of the success currently being see in the London vacation rental market.”
New York, NY (PRWEB) November 18, 2010
New York Habitat has just released the 1st half 2010 London Vacation Rental Market Report. The report details the present state of the London Vacation Rental Market, offers insights into the future of the market and offers comparison data from past years. The report has been designed to provide information and advice for apartment owners and people traveling to London about the vacation rental market.
The 1st half of 2010 was a continued success for the London vacation rental department. The number of rentals as well as the number of requests continued to climb. Prices of vacation rentals in London also continued to climb which made some customers more sensitive when making their selections. Some of the factors that affected the London vacation rental market included:
- A relatively weak British Pound making London less expensive than in 2008
- Strong demand for accommodations in London
- Growth in the hotel market increasing competition for London accommodations
With the London market continuing to grow and the world economy rebounding from the recession in 2009, the London vacation rental market shows continued signs of success. One important factor for the future is to make certain that prices do not rise too fast. One thing that many people have learned from the last recession is to shop around for the best price, and it is important for vacation rentals to remain a bargain compared to hotels to keep up their demand.
Within the report there is a mixture of text, graphs and tables to summarize the past, present and future market conditions. Some of the highlighted information includes:
- Average, median and mode apartment prices
- Percentage of apartments rented by type (studio, 1-bedroom, 2-bedroom, etc.)
- Pricing by apartment type
- Popularity of neighborhoods based on completed rentals
- And more
“London remains a top travel destination in the world,” says market report creator Brian Lowenberg; he goes on to say “The report provides a detailed prospective of the success currently being see in the London vacation rental market.”
To share this and past London Vacation Rental Market Reports, New York Habitat has created a London Furnished Apartment Market Reports webpage. This year’s report is in a new HTML format versus the former PDF versions. All of the previous London market reports are also available on the London Market Report webpage.
Established in 1989, New York Habitat is a fully licensed residential real estate agency, specializing in furnished apartment rentals in London, New York, Paris, and the South of France. With a team of multilingual agents working around the world, New York Habitat is able to provide clients with a selection of more than 12,000 apartments and houses that are available from one day up to one year or more.
We invite you to contact New York Habitat for more information about this London market report and for any other services you may require (listing your apartment, corporate housing, student housing, and/or renting in any of our destinations). For the latest London market news and to learn more about New York Habitat-related topics, please visit New York Habitat's blog, follow or New York Habitat on Facebook.
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