Haruka brings with her solid experience of the international property market where she started outin 2011 working as an Administrator in a Japanese asset management company. Moving on to the investment division of a leading realtor in 2015, she became involved in the acquisition and management of high-value properties, concentrating on increasing their value before resale. Haruka also worked as a brokerage project manager before joining Benham and Reeves where she joins the Japan Desk team. A keen cook who loves the outdoor life, Haruka keeps fit by playing tennis.
Rental demand from Japanese corporate tenants has increased significantly over the last few weeks as we reach our first peak season of the year, in fact the Japan Desk has just had its best month ever in terms of the number of transactions we have carried out. The level of enquiries we are seeing is high compared to usual and this is mainly due to word-of-mouth recommendation.
A few weeks ago, there had been some concern from Japanese families moving overseas during the pandemic but now, as the situation in the UK has improved so dramatically while in Japan things are getting worse, Japanese expats are much more relaxed about moving to the UK and there has been a significant shift in sentiment.
Much of the current demand is from professionals working in the banking and finance sectors, as well as manufacturing and trading companies.
In west London, White City Living remains a very popular development and we concluded a number of tenancy deals there in April. Being close to Westfield London and the large Japanese supermarket, Ichiba (Europe’s largest Japanese food hall),make this a very popular location for Japanese tenants and there are two tube stations just a few minutes’ walk away too.
Dickens Yard in Ealing remains the most popular development amongst Japanese corporate tenants but shortages of stock mean that demand is outstripping supply here. A good alternative for professionals who would like to live in west London is Filmworks and we have already agreed several deals here.
In east London, 250 City Road in Shoreditch has also quickly become a sought-after location and is only a 10 minute walk from Islington High Street, with its Japanese restaurants, cafes and supermarkets.
While we are seeing rental demand peak at the moment, we expect enquiry levels to stabilise but remain high throughout May and June.
Unlike many other companies, our Japan desk has many unique advantages:
We provide a dedicated account manager throughout the whole process to act as the main contact, handling any issues or questions that arise.
Before the employee arrives, we will discuss both the company and the employee’s needs to establish priorities in terms of
so that you can be confident your new rental home meets all your requirements.
We will research all suitable properties within the specified budget, offering advice on areas which we believe will meet your needs and be conveniently located for your job, with good transport links. Once you have approved the properties you wish to view, we will take you take you around to view all the properties including pointing out where the local amenities, such as shops, gyms and of course where the local transport is.
Once a property has been selected we will negotiate the best terms complying with any specific requirements made by the company.
And once the offer is agreed, we will draw up the tenancy agreement (using the company’s agreement where one has been previously approved), register the deposit with an approved scheme (where tenancy is in employee’s name) and complete other essential documentation to ensure that both company and employee are fully protected under UK law.
When you move into your new home, we provide assistance from attending the inventory check-in (if required) to supplying relevant information about the property such as instructions for appliances and support setting up accounts with council tax, gas, electricity and other service providers.
Most companies insist employees rent a professionally managed property as this means repairs or maintenance issues are handled quickly. Over 65% of the properties we let are managed by us so employee and company can rest assured that the property will be well-maintained and hassle-free.
Your dedicated account manager will be on hand during the tenancy to assist with any issues or questions that arise.
Many of our corporate tenants are so happy in their rental home that they choose to renew their tenancy at the end of their tenancy agreement. If so, we will handle any negotiation with the landlord and the completion of a new tenancy agreement on the company’s or employee’s behalf. If a new property is required, then we will research suitable properties in the chosen location and ensure that they meet the employee’s criteria to avoid time wasting or the need for additional searches.
At the end of the tenancy, we will assist both employee and company with the end of tenancy procedure, including recommending reliable and reasonably priced cleaners and attending the inventory check-out (if required).
Once the tenancy has ended and the inventory check-out has been completed, we will liase with the landlord to ensure deductions are reasonable and push for a speedy return of the deposit.
We offer a number of additional services for HR departments including
And of course we are always available to offer professional advice and assistance - we view our relationships with companies as long term and as such are always available to help where required.
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