Tuesday, 12 July 2016

Renting In London: Demand Continues To Soar

Five years ago, a third of the rooms available to rent in London were priced below £500 a month. However, thanks to soaring demand, just seven per cent of flatshares with London postcodes now cost less, prompting experts to warn that it won't be long before rooms at this price cease to exist. New figures from flatshare website SpareRoom.co.uk reveal that the number of rooms priced above £1,000 a month in London has doubled since 2011, while more than 40 per cent of rooms cost tenants £750-plus. Most room rentals in the suburbs are advertised for less than £750 a month, but the number of properties advertised for more than that is seven times what it was in 2011. Read more on the Evening Standard website.

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