With over 20 years of experience, Alex discusses the busy market, rising investment returns and why there has never been a better time to be a landlord.
From historic houses in Mayfair to penthouse apartments in the city, Dexters handles London’s finest property. “The desire to live in the capital remains at a record high, with agreed tenancies up by approximately 10 per cent compared to this time last year. This strong demand, combined with our proactive approach, means we’re regularly receiving exceptional offers from great tenants, and we expect this to continue throughout the year.
“Our teams of local experts are carrying out over 50,000 viewings a month, the equivalent of showing a property every 15 seconds in our working week. This influx of interest means landlords continue to benefit from a choice of first-rate tenants looking for long-term homes,” says Alex. As rents increase, so do yields, and across many London boroughs, landlords are receiving almost double their return on investment.
“Our Corporate Services team is also experiencing unprecedented levels of activity, receiving over 200 enquiries each week from embassies and major corporations looking to relocate their employees, with many choosing to work exclusively with Dexters. This means we can continually provide our landlords with high-quality corporate tenants, who are known to look after the property as if it were their own. Across the company, we speak over 30 languages, so we can easily and efficiently communicate on a global level, providing a personalised service without barriers,” comments Alex.
With over 170 pieces of legislation relating to rental property, more landlords than ever are looking for a professionally managed service in order to stay compliant. Alex explains, “Our team of specialists will ensure you are up to date with the latest regulations. They are on hand to guide you through important changes such as the Renters’ Rights Bill and will assist you through the process. As a member of the Royal Institution of Chartered Surveyors (RICS), we adhere to the highest standards of regulation and ethical behaviour, so our clients are confident in knowing that they are working with qualified experts.
“We have dedicated Property Managers who offer proactive support and are never more than 15 minutes away from a property in their portfolio. They are able to act quickly, with minimal disruption and expenditure, should an issue arise because for us, nothing is too much trouble.”
Properties in good condition attract a superior tenant and a higher rental return, whilst well-managed properties encourage tenants to stay longer. Alex continues, “We are experts at finding the right tenant to suit your property, ensuring minimal void periods between tenancies. It's therefore worth investing time and money in maintaining your property to an attractive standard.”
If you have a property in need of an update, Dexters Design & Refurbishment team, based in Mayfair, will work with you to discuss the best strategy. Most rental properties will require some form of improvement work every four to five years, and with the right approach, the work you do will pay dividends fast. Alex adds, “The team can manage a project from start to finish, liaising with the multiple professions involved, including structural engineers, planning officers and architects. We have access to more than 100 approved London based contractors, including trusted tradesmen who can handle everything from fitting a kitchen to crafting bespoke marble tops. Once refurbishments are complete, they can dress the property to impress prospective tenants, helping to achieve your desired rental yield.”
“London is a brilliant investment, and we are here to support you throughout your property journey; from finding you a great tenant and managing your home to helping expand your portfolio and guiding you through the many legislative changes in our industry,” concludes Alex. Dexters is looking ahead with great optimism and has every confidence in the London property market.
Find Alex and his team at:
Dexters Mayfair
66 Grosvenor Street,
London, W1K 3JL
020 7590 9595
