The Booming Rental Market

21st March 2023

The Booming Rental Market

Here at Major Son & Phipps, we’ve been experiencing record highs with the number of potential renters after each rental property that we list and consequently, increasing rents.  

The rental highs that we’re seeing are due to a number of factors. According to Property Reporter, over the past few years, the capital’s typical gross yield on a two-bedroom flat in London has risen to 7%. 

As well as including a lack of available property due to soaring demand and supply remaining low due to some landlords selling up after leaving the sector, it is also in part due to more people returning to London after the pandemic for both work and leisure. 

If you’re a landlord looking to let your property, did you know that we offer a ‘Let Only’ service where we charge no annual renewal fees and no additional referencing and tenancy fees?

Get in touch with us today - pop into branch; we're in the heart of Richmond at Dome Buildings, 5a The Square, or call us on 020 8940 2233 or visit