This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Rental Properties Let Off-Plan
In what appears to be a first in the rental market, flats have been let off-plan in London.
Homes are often sold off-plan, but there has not yet been a situation where the same can be said for lettings.
The flats in Poplar, East London, will not be completed until October and cannot be viewed.
However, hopeful tenants can look at the 158 apartments using a technology called Virtual Walkthrough, which allows them to see the size, dimensions and layout of the properties on their computer, phone or tablet.
Director of developer be:here – part of Willmott Dixon – Simon Chatfield, says that the technology means tenants can view the homes before they’re finished, which has led to successful applications.
So far, 60% of the flats have been let.
