In a volatile political and economic environment the rental market appears to be very resilient in Belgravia and Westminster with high demand for newly refurbished turnkey properties and some record rents being achieved for brand newly redeveloped properties. While the outlook is positive there is still sensitively to pricing and with stock increasing it feels like the market is more bias to tenants, however, this is not always the case and in some instances we have seen applicants and tenants miss out on their dream property because they have been hesitant to improve and offer or move quickly to secure the property. My key piece of advice would be to be honest with your agent and trust their advice.
My recommendation to clients and owners is to refurbish or redecorate your property in between tenancies, this will attract a stronger return and minimise your voids between tenancies which can end up being a costly liability. With longer terms tenancies being agreed its important for us to understand that rental properties are becoming a more permanent option for many and this is a trend which could continue. So a little investment from the outset can secure your investment in the long term. Browse our properties for rent in Belgravia and Westminster.
One Day in Belgravia and Westminster
8am – Baker and Spice, start your day on Elizabeth Street with breakfast from the mouth-watering Brunch Menu
11am - Collect a takeaway coffee from TomTom, Elizabeth street and wind your way through the pretty streets – Chester square, Eaton Square then north around Belgrave Square, walking East to arrive for a peaceful walk around Green Park and along Constitution Hill towards Buckingham Palace
12pm - Take a tour around the opulent Buckingham Palace and exhaust yourself reviewing the impressive collection of arts
2pm - Book a well-deserved lunch at Gordan Ramsey’s Michelin starred, Petrus serving modern French cuisine
4pm - Enjoy a nice slow walk to your suite at the five star Goring hotel and take a moment to and enjoy the sumptuous environment, perhaps consider a refreshing glass of wine on the veranda or one of their world famous afternoon teas
7pm – Sip a cocktail in The Goring’s Bar and Lounge
8pm - The Grand finale, a Michelin starred Indian supper at Amaya on Motcomb Street and a relaxing nights rest in one of the Goring’s elegant Suite’s
Ultimately Belgravia and Westminster are elegant environments offering desirable investments.
Why use Knight Frank?
Our experienced staff are able to offer our clients a truly international dimension, based on Knight Frank’s global presence.
With the assistance of our in-house Corporate Services Department we are also able to generate high quality corporate tenancies for our landlords.
We appreciate the need to provide our clients with a discrete and professional service at all times.
Please do contact us for an informal discussion, and to see how we can help you.