The 1st half 2009 London Vacation Rental Market Report contains all of the most up-to date information about the London Vacation Rental Accommodation market. With 2009 being a difficult year for the travel industry the findings in this report include the details necessary to make informed decisions in the London real estate market.
This report contains information about the 1st half of 2009 and for comparison purposes it has data from the 1st half of 2007 and 2008 as well. Some of the key figures contained in the report include:
- Percent of rentals by neighborhood
- Range of prices by apartment type
- Percent of apartments rented by type
- Average, median and mode apartment prices
- And more
Some of the main conclusions in the report include:
- Despite a weak economy which has hurt the travel industry, New York Habitat’s business in the London Vacation Rental market has remained strong and continued to grow.
- Large rentals (2-bedrooms and larger) remain popular products in London
- London has regaining popularity with American tourists as the British Pound fells compared to the U.S. Dollar.
New York Habitat looks forward to continuing their success in the London Vacation Rental Market. Major factors that will continue to influence the London vacation rental market are pound conversion rates and the world economy.
New York Habitat has created the London Furnished Apartment Rental Market Reports section on our website, where this and future reports will be available. The next London Vacation Rental Market Report will be published in the winter of 2010 and contain details about the 2nd half of 2009.
Please let us know below what you think of this report and if you have any suggestions for future London Vacation Renal Market Reports. You can also e-mail the London Market Report team at marketreport@nyhabitat.com
This is true the British pound went really down in the last few months, especially compare to Euros. I am sure that London has many beatiful days ahead for vacation rentals.
People are still going to London and renting apartments, as I am sure will, even though the pound is at an absolutely ridiculous exchange rate.
Thanks for the info.
Cool!
::snore::
Great information.