Islington rental market 'performing well'
Winkworth is reporting high levels of demand for residential properties in the London borough of Islington.
The Estate Agent said that while house prices have dipped slightly in the area over recent months - reflecting a wider downtick in UK property value - the rental market appears to be faring well.
Issuing its latest report as part of a wider study into the capital's housing market, it noted that demand for lettings is soaring across the capital's more fashionable districts, including Islington, Notting Hill and Clerkenwell.
"The lettings market in Islington is extremely strong," asserted Ian Fraser of Winkworth Islington. "There is always a shortage of properties to let and good levels of applicants mean that demand continues to be high."
The past three years have seen annual house price rises of 30 per cent or more in Islington, the study noted.
That comes on the heels of 231 per cent property inflation in the area since 1996, making Islington the borough with the ninth highest level of house price appreciation in the capital.
Published 20th February, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
Winkworth is reporting high levels of demand for residential properties in the London borough of Islington.