New York Habitat Blog

New York Habitat is proud to release the first in its series of semi-annual furnished London Vacation Rental Market Reports. This report covers the latest information about the London Vacation Rental Market and includes data about 2006, 2007 and 2008. During the period we have seen the number of apartment rentals in London grow by over 90% and we expect to see a continuation of this trend as we work to build our inventory of London vacation rentals and our name recognition in this growing market.

London Vacation Rental Market Report 2008 cover photo

The market report contains statistics and analysis about the vacation rental market during 2006, 2007 and 2008. Some of the statistics that can be found 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 that the reports finds include:

• Weakening apartment prices caused by both the global recession and declining apartment prices in the London and U.K. markets
• Strong demand for lower cost apartments in London as the pound has fallen compared to the euro and dollar in recent months
• Decreasing lengths of stay as people look for shorter and less expensive vacation options

The report concludes that 2009 will likely bring more of the same, but the decline of prices is likely to slow if the pound remains relatively weak compared to the dollar and euro.

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 contain data about the 1st half of 2009 and will be released in the summer of 2009.

The long-term goal is for this report to be an informative guide for owners who decide to lease, and vacationers and other renters who are looking for housing options during their stay in London.

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

1. 1st half 2009 London Vacation Rental Market Report
2. 1st half 2008 Paris Furnished Apartment Market Report Released
3. Read the 2008 Paris Furnished Apartment Market Report
4. 2008 New York Furnished Apartment Market Report
5. 1st half 2008 results in: New York Furnished Apartment Market Report Published

This entry was posted on Wednesday, April 8th, 2009 at 8:52 am in London Apartment Market. You can leave a response, or trackback from your own site.

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