Hamilton King

High Demand for Property Management Services in the Capital

A recent claim by a boutique estate agency in London’s plush neighbourhoods of Knightsbridge, Kensington and Chelsea believes that their own property management department has doubled in terms of its workload in recent times with most of the increase originating from brand new contracts. However, this is not to displace the other 17% rise in the amount of current clients restating their loyalty by updating their existing contracts.

Arguments for both renting and buying have long since been exhausted, and there are indeed positive and negative elements to both. One way to hear more of the discussion is via the Hamilton King Facebook page where supporters of both approaches can freely post their experiences and opinions without the need to be bias. However, we can draw several interesting points from this statistic alone.

With the current climate as it is, the prospect of buying a property seems more and more distant to a lot of Londoners. By reduction, this means that people are expecting that they will have to rent for longer than perhaps once anticipated. However, it seems a lot of those who struggle to make a mortgage, do have enough to be able to afford a well maintained and aesthetically pleasing property to rent.

A second equally as valid reason behind this current surge in demand for property management companies can be attested to the British government. Property owners and landlords are bound by a whole host of rules and regulations which have been implemented by the British government to ensure fair play within the property market. Whilst this is of course a fine thing, it does mean that a lot of property owners who might still have full-time jobs, or may consider their second property somewhat of a pension plan, do not always have the time, the professional expertise or legal know-how to commit to running a well-maintained, regulation compiling property. For many, it is both a relief and a reassurance to hand over the reins of the premises to a team of professionals who are trained in the field.

Hamilton King is one such company which has experienced a recent surge of call for demand of late. With offices in both the North and South of the country; namely in Manchester and London, the organisation is in a prime position to both learn and gain a lot from this boost. This business is one complied of a group of talented and energe