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In London’s super-rental market<\/strong>, the gap between supply and demand is widening. Homes costing more than \u00a35,000<\/strong> per week are becoming increasingly popular, much to the joy of landlords<\/strong>.<\/p>\n <\/p>\n In the third quarter of 2021, 45 super-premium properties<\/strong> were let in the UK capital, compared to 34 in the same period last year. These included one that was let for \u00a340,000 a week, the most expensive in the last quarter.<\/p>\n <\/p>\n August alone was one of the strongest months for super-rentals<\/strong>, according to a report published in the UK on Thursday by estate agency Knight Frank<\/strong>.<\/p>\n <\/p>\n The appetite for these high-end homes<\/strong> is growing steadily, particularly in Knightsbridge<\/strong>, Kensington<\/strong> and Mayfair<\/strong>. Supply remains limited, however, and the number of high-end rentals<\/strong> is at its lowest level since late 2016, so much so that some prospective tenants have taken up short-term rentals<\/strong>, booked hotels or even signed pre-letting agreements. A recent deal in the Kensington<\/strong> area saw a family home undergoing renovation rented out six months before it was even finished.<\/p>\n <\/p>\n “I’m not sure that clients and investors have realised the scale of the opportunity in the short term super-let market<\/strong> in London<\/em>,” said Tom Smith<\/strong>, head of high end lettings at Knight Frank<\/strong>. “Whatever the budget, searches for this type of rental are often very tricky given the lack of high calibre turnkey options on the market<\/em>.”<\/p>\n <\/p>\n