It has been a few months since the Referendum, when the UK decided to leave the European Union. There was a sense of hysteria across the country when the vote was announced - deals fell through and people panicked property prices would instantly drop. But fast-forward three months on and it’s very much business as usual for the Islington lettings market.
Applicant numbers remain high and stock tends to go within 21 days of being introduced to the market. We are operating in London, one of the world’s most diverse and vibrant cities, and it’s not about to shut up shop. We’re letting to corporate clients who are transferring their employees from all corners of the globe, students beginning their studies for the next three years, couples renting their first flat together and sharers who are starting new roles in the City. Islington will remain strong in the rental market no matter the political climate.
We have some good news for Islington’s education reputation: City University has joined the University of London federation and will now be known as City, University of London. Students and staff will have access to a whole new range of opportunities, such as research collaborations and international exchanges. There has also been a record 100% pass rate for students taking A-Level English at Islington’s Six Form Consortium. With a range of outstanding schools and universities, Islington, is becoming a powerhouse for education in London.
There has also been lots going on in the area: our Portico ice cream van whizzed around in July handing out free ice cream; The Steam Passage on Upper Street is undergoing an extensive refurbishment and is due to reopen in September; a local architect has won a competition to redesign the Finsbury Leisure Centre; while Fabric, one of London’s most iconic nightclubs, has been closed down.
Adam - Islington Lettings Manager - Autumn 2016