Demand slumps for luxury rentals
Demand slumps for luxury rentals
- 2001
- Estates Gazette (0140) 6 October 2001, 46(1) .
The London Residential Benchmark (LRB) report indicates a drop in demand for luxury rented homes, and predicts a fall in rents as a result of the US slowdown and terrorist attacks. The worst affected areas are those which rely on US tenants such as South Kensington and St Johns Wood where supply outstrips demand by three to one. Graph.
LONDON
TERRORISM
LONDON RESIDENTIAL BENCHMARK
RESIDENTIAL LETTINGS MARKET
RESIDENTIAL LETTINGS
SUPPLY AND DEMAND
US ECONOMY
RENTAL MARKET
The London Residential Benchmark (LRB) report indicates a drop in demand for luxury rented homes, and predicts a fall in rents as a result of the US slowdown and terrorist attacks. The worst affected areas are those which rely on US tenants such as South Kensington and St Johns Wood where supply outstrips demand by three to one. Graph.
LONDON
TERRORISM
LONDON RESIDENTIAL BENCHMARK
RESIDENTIAL LETTINGS MARKET
RESIDENTIAL LETTINGS
SUPPLY AND DEMAND
US ECONOMY
RENTAL MARKET