“Harrods have let a London flat for £55,000 pw...Wouldn’t it be fabulous if we could achieve this in Manchester City Centre.” Alison O’Connor

Article Source: The Independent Network of Estate Agents

Record rent at £7,857 a day rent for London

Demand to let prime London property is surging with rents reaching £55,000 per week for the cream of homes.

Wealthy visitors settling in London from overseas are driving the market – with cash-rich tenants from Russia, the Middle East and Asia battling for the best properties.

Harrods letting agency set the record with £55,000 a week- £7,857 a day – to rent a Central London flat to an Arab billionaire. His name and the flat location are closely guarded details as he demanded complete confidentiality.

“The prime property market in London is the fastest growing area in the UK. We have not only seen an increase in demand from buyers but also those looking to rent which in turn is pushing prices up,” said Shirley Humphrey, sales and marketing director of Harrods Estates.

Source: Property118 & The Independent Network of Estate Agents