London Rental Shortage: We Can Help You Find London Flats Online

London Flats Online

The shortage of rentals and rooms in London has been a hot topic lately.  Unfortunately this is the highest amount London has seen in quite some time.  However, we are not here to scare you because in the end, nothing lasts forever. If you are thinking about moving to a flat in London, simply want to relocate to another flat in town, or looking for a flatmate in London rest assure, we can help you, no matter what the circumstance.

London is currently experiencing an economic boom.  With more and more people relocating for work, this creates a shortage in housing.

A recent trend where renters have been sticking to renting has been quite the norm, without desire to purchase rather than renting.  This is because banks are making it almost impossible for young adults to acquire mortgages without a large down payment. In addition, the ever rising costs of flats isn’t making it any easier for the younger generation to purchase.

The third reason is that the building of homes took a halt two years ago when construction companies were unable to receive loans and mortgages, thus no additional homes could be built to accommodate the influx of prospective buyers and renters.

There is a light to the end of every tunnel.  The good news is that new flats have started to sprout all over town, which can only mean more landlords will be encouraged to purchase in return will rent out to prospective tenants.  In addition, more people will be looking for flatmates considering the higher number of homes becoming available.  In conclusion, don’t stress, things are looking brighter and it could only get better from here.

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