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Short-term rental market research pinpoints London hotspots
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Research into London short-term lets has found that Westminster provides the greatest level of rental stock choice.
London rental platform Rentd analysed current rental availability for short-term rentals across the London market to reveal which boroughs were home to the highest level of short-term rental stock.
The market analysis shows that there are some 66,641 short-term rentals currently listed to let across the London rental market.
Westminster is the capital’s short-term rental market hotspot, with 11% of all available short-term rental properties found within the borough.
Tower Hamlets ranks next, accounting for 8.3% of London’s short-term rental availability, followed by Hackney (7.7%), Camden (6.8%) and Kensington and Chelsea (6.8%).
In contrast, Havering, Sutton and Bexley are home to the lowest levels of short-term rental availability, with each borough accounting for just 0.4% of total short-term stock each.
Ahmed Gamal, Founder and CEO of Rentd, comments: “Short-term rentals form an integral part of the rental market and for many, they are the vital stepping stone between moving to a new town or city and finding that perfect long term rental property.
“For others, they provide a preferable option to hotel living when working away from home for a prolonged period and providing this flexibility is as important as the need for long term rentals within the sector, perhaps more so in major cities such as London.”
