SAB - the property specialists

Leading Cambridgeshire, hertfordshire
and London property specialists since 1959

News

February 16, 2015

Rent - Wow £4million

A young tenant from China has paid five years rent in advance for a flat in One Hyde Park. The £15,000 a week rent adds up to £4m for the full five years. It is one of a series of high-end rental transactions that have become more common since the new stamp duty rates were introduced, and the threat of a mansion tax was mooted. Mark Tunstall from lettings agency Tunstall says that: “Mansion tax is making people jittery and driving a busier rental market. As the election starts to loom closer people are thinking let’s rent and see what happens.”