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We caught up with Super Prime Rental Experts Phillips Harrod to find how the central and North West London high end of the market has been impacted. Director Adam Phillips comments that ³on the morning after the vote we had two deals under offer (one at £3450pw and one at £2950pw) that started to wobble following the result. Within a few days of reassurance and guidance both deals were signed and the tenants moved in. I would say that this activity albeit only over a few days was indicative of how the market has reacted over the past few months. A little uncertain but essentially life moves on. We live in an uncertain world, who knows what the future holds but for now we¹re busy with enquires and will continue to service our clients and the demands of the market.² Adam Phillips Simon Harrod. Some of our other tenancies that have begun post Brexit: London Road, St John¹s Wood NW8, Asking £4400 per week St John¹s Wood Road, NW8, Asking £4950 per week. Clifton Hill, St John¹s Wood NW8, Asking £3450 per week Prince Albert
Road, Regents Park NW1, Asking £3500 per week. Please click here to download a PDF copy of the article.

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In company terms Phillips Harrod were the new kids on the block during 2015, but with their vast previous experience and extensive connections,the company is quickly becoming a household name in the top end of the market with two of the market¹s leading agents joining forces. For full info please click on link below

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It¹s been an exciting journey for Phillips Harrod in 2015, see our exclusive interview in August¹s edition of Vantage Magazine. For full info please Click Here

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Phillips Harrod sole agent for Luxurious Duplex Penthouse in Knightsbridge Coming out in the May edition of Mayfair and Vantage magazine is our advertisement as sole agents for this outstanding duplex penthouse apartment set on the 9th and 10th floors of this prestigious private building in one of the world¹s finest locations. This magnificent apartment in Knightsbridge is positioned opposite Harrods and overlooks Hyde Park offering striking panoramic views across London from the heart of the capital. For full info please click on link below

https://phillipsharrod.com/uploads/2016/03/Phillip-Harrod_proof_
v4.pdf.

At Phillips Harrod we are expecting a continued slowdown in the sales market for the early and middle part of 2015 in the run up to the general election that could result in more tenants waiting for prices to move and more would-be sellers bringing stock to the rental market. Uncertainty over the outcome of the general election is likely to boost the corporate lettings sector and London property prices will ease into a slower rate of growth than in previous months whilst the demand for corporate lettings and relocations will ensure increased volumes of lettings transactions throughout the year. Therefore we expect the rental market to be more active in 2015 than 2014. Those within the market for Prime London property who are driven by their work and/or education requirements are
either already long term rental tenants or are renting whilst they bide their time before purchasing their own property. Such an effect will demonstrate a strong demand in the prime rental market thus forcing prices to increase and stock to reduce whilst still having a number of active tenants who are both domestic and international ex patriates. Should interest rates rise during 2015, we feel that it will have a minimal impact on the housing market. If adjusted, rates are likely to increase by 0.5%. Essentially we believe that the prime London rental market looks
bright for 2015.