The 2009 2nd half and Full Year London Vacation Rental Market Report is now available on the London Furnished Apartment Market Report website. The report covers the latest information about London vacation rentals including information about the 2nd half and full year 2009. Data from 2007 and 2008 is provided for comparison.
The 2009 London Vacation Rental Market Report finds that New York Habitat is still growing its business in London despite the down economy in 2009. Overall the number of apartment bookings grew by 40%. Furthermore, the average apartment rental price also climbed in 2009. For find out about all of the causes for these gains, read the London Vacation Rental Market Report.
Some of the major factors affecting the London market in 2009 included:
• A declining value of the British Pound, making London a more attractive destination for Americans and people in the countries using the euro
• An increased inventory of apartments in London, making it easier to find the perfect match for our customers
• The global recession which made clients more cost conscious
With many within the industry predicting that 2010 will be a year for recovery in the travel market, we expect more positive results for the London vacation rental market in 2010. One factor to continue to watch is the value of the pound. If it returns to levels seen in 2008 then the number of rentals will likely fall.
New York Habitat is happy to offer this comprehensive look at the London Vacation Rental market via our report. We will continue to provide up-to-date information via the New York Habitat blog and the London Furnished Apartment Market Reports web page. Check back this summer for the 2010 1st half London Vacation Rental Market Report.
If you have any questions or comments about the London Vacation Rental Market Report, share them below.
lots of articles about London lately…
Thank you for this information. Now that the pound has decreased in value I may actually be able to take a London vacation and not spend a fortune!
Very interesting report indeed!! I am sure London will have a wonderful 2010 year for vacation rental.
The pound has gone down quite a bit in the past year and this def. makes it London a more wanted destination.
An excellent resource of information i will certainly return to check on the latest posts
For me. London is one of the lovely place in the world..Now that found pound has decreased in value it’s easy for me to take a vacation there, I love to London so much! Thanks for the useful Information.:)