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Rental Market Top Property Management Companies - London
The top three property management companies for short-term rentals in London, England are Awaze, Airsorted, and Hostmaker based on the number of rental properties managed. On the other hand, the top three property management companies for long-term rentals are CBRE, JLL, and Savills based on their UK revenues. Details are presented below.
TOP 3 PROPERTY MANAGEMENT COMPANIES FOR SHORT-TERM RENTALS
This ranking is based on the number of short term rentals the company manages.
1. AWAZE
- The company website can be accessed here.
- Number of rentals: 110,000
- Based in: London
- Revenue: EUR 1.8 billion
2. AIRSORTED
- The company website can be accessed here.
- Number of rentals: 4,000
- Based in: London
- Revenue: GBP 62 million
3. HOSTMAKER
- The company website can be accessed here.
- Number of rentals: 2,500
- Based in: London
- Revenue (cash): GBP 11.7 million
TOP 3 PROPERTY MANAGEMENT COMPANIES FOR LONG-TERM RENTALS
This ranking is based on the 2017 revenue in the UK.
1. CBRE
- The company website can be accessed here.
- 2017 UK revenue: GBP 1.59 billion
2. JLL
- The company website can be accessed here.
- 2017 UK revenue: GBP 1 billion
3. SAVILLS
- The company website can be accessed here.
- 2017 UK revenue: GBP 627.1 million
Research Strategy:
To address the request, we searched for directly available list of top property management companies in London. For the short-term rentals, we used the available statistics provided by Rentals United as this provided a list of the top companies with the number of managed rental properties in London. We decided to use this metric to rank the top short term rental property management companies. As a result, we were able to provide the top 3 which are Awaze, Airsorted, and Hostmaker.
For the top 3 long-term rental property management companies, we tried looking for an available list with solid metrics but we did not find one. We were able to find a top list by Dumbfunded after their research in collaboration with The Property Management Awards, based on the following criteria: online reviews from legitimate customers across a variety of different platforms, company experience, investment data, types of property in their portfolios, general efficiency, and company location. But the ranking is based on customer service and not on hard metrics. We later found the top property services firm in Europe and decided to use this source since it already ranked the companies based on their UK revenues. After shortlisting, we made sure that these companies are into rental property management operating in London through their official website.
Since the revenue could not be determined specifically for long-term rentals alone from the companies' annual reports and news, we used their annual revenues as proxy data. Therefore, the top property management companies for long-term rentals in London are CBRE, JLL, and Savills.