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Letting Agent
Dear Sir or Madam, please take a few minutes of your time to complete the following questionnaire.
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1
How long have you been a letting agent in Canary Wharf?
Select one answer
10 years or less.
Between 10 and 15 years.
More than 15 years.
2
Do you also operate in the areas surrounding Canary Wharf?
Select one answer
Yes.
No.
3
Which surrounding areas of Canary Wharf do you operate more in?
Select one answer
Immediate vicinity like: Isle of Dogs, Blackwall, Poplar, Limehouse, Silvertown and Canning Town.
Greenwich, Bow, Whitechapel, Rotherithe, St Katherine's & Wapping and Bermondsey.
All of the above immediate surrounding areas of Canary Wharf.
4
Do you let and/or manage flats in high value buildings?
Select one answer
Yes.
No.
5
Approximately what percentage of the properties that you let and/or manage are high value flats in privately managed blocks?
Select one answer
Less than 50%.
More than 50%.
50%.
All of the properties that we let and/or manage are high value flats in privately managed blocks.
6
Are you aware of the rising and high service charge costs that owners/leaseholders of flats in privately managed blocks of flats in Canary Wharf have been faced with for the last 10 years?
Select one answer
Yes.
No.
7
When you carry out a letting appraisal, do you take into consideration costs like service charge?
Select one or more answers
Yes. This is something that I consider.
No. That does not matter when I provide a landlord/leaseholder with a rental appraisal.
Yes. This is something that I discuss with the landlord/leaseholder.
Yes. When the landlord/leaseholder wants to market their property for a particular rental price and they've taken their service charge costs into consideration.
8
In that past 3 to 5 years, has there been an increase in the number of leaseholder/landlords of high value flats in privately managed blocks of flats in Canary Wharf who have been setting their own rental price instead of instructing you to market their flat at your appraised rental price?
Select one answer
Yes.
No.
9
In the past 3 to 5 years, for those landlords/leaseholders who want to market their properties at their rental price; how successful are you in finding a tenant for their flat?
Select one or more answers
Always.
Sometimes.
Never.
10
From the beginning of the COVID-19 pandemic and lockdowns up to now, do you feel that the Canary Wharf rental market:
Select one or more answers
Stayed the same throughout. High value flats in privately managed blocks in Canary Wharf have always been in high demand.
Slowed down at the beginning of the pandemic and picked up again when people started coming back to the office.
Picked up at the beginning of the pandemic as people wanted to be close to their Canary Wharf offices, then dipped as people worked from home and picked up again as people went back to their offices.
Increased at its normal pace even during the pandemic and has increased even more for the past 2 years.
Slowed down at the beginning of the pandemic, then started to get back on track and has been increasing since.
11
If you market a particular flat at a rental price that has been chosen by the landlord/leaseholder and the flat is let at that slightly higher rental price, do you start marketing other similar flats in similar locations and buildings at a higher rental price?
Select one or more answers
Yes. A precedence has been set.
Yes. The more the rent, the more commissions we earn.
Yes. Our landlords always want more rent.
Yes. As letting agents, we can advise and set rental prices.
No. Not all buildings are the same. Amenities might be located further and therefore rental prices might differ.
No. It would be better left to a surveying professional to assess rental prices when rental prices in other buildings increase.
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