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Belgravia, as part of the greater London area, falls under the trend where the average rental prices reached a record high of £2,631 per month by the end of 2023. Given Belgravia’s status as a highly sought-after residential area, its rental rates are likely among the highest in the city, reflecting the luxury and exclusivity of the properties there.
The demand for rental properties in London, including Belgravia, remains high. As of the end of 2023, for every available rental property in London, agents typically received around 11 enquiries, indicating a strong occupancy rate.
The rental market in London is seeing a slowdown in the pace of rent increases. This trend, expected to continue into 2024, is partly due to an improvement in the balance of supply and demand. For Belgravia, this could mean a stabilisation of rental prices, although they are likely to remain high due to the area’s desirability.
Belgravia is characterised by its luxurious properties, including grand townhouses and modern apartments. The area’s real estate is generally among the most expensive in London, mirroring the high rental rates. This includes a range of property types from historic Georgian homes to contemporary apartments, catering to a high-end market.
Rental values average £1,249 per week for flats and £3,515 per week for houses over the last 3 months.
Contact us now for a no-obligation consultation. Let’s discuss how our tailored solutions can make letting your property in Belgravia a seamless and rewarding experience.