Fresh data from rental accommodation platform Spotahome has revealed that London Bridge is the most searched for area for mid to long-term rentals in London.
Tenants searched for properties in London Bridge than any other borough, which attracted more than twice the interest than the next most searched for locations, Camden Town and Shoreditch.
Used mainly by renters moving to the UK for a minimum of 30 days, Spotahome found that London has a high level of demand from people from France, Spain and Germany in particular.
Spotahome also picked up on the increasing popularity of areas such as Stratford, Hammersmith and Ealing – the next most searched for areas on the platform.
Alejandro Artacho, chief executive of Spotahome, commented on the findings and believes that the demand for properties in key locations around London remains high and growing, and is unlikely to fall.
“London is an international hub, with thousands of individuals moving to the city on a daily basis. There is a growing opportunity for Landlords to meet mid to long-term rental demand in locations like Stratford, Ealing and Hammersmith, as there is not currently enough rental stock to satisfy the demand in East and West London in particular,” he said.
“Individuals and landlords with property in areas which are growing in demand – such as Ealing which is undergoing an exciting regeneration process – can look to take advantage of this by putting their spare room for properties up for rent,” he continued.
He said: “Unfortunately, homeowners across Greater London are yet to wake up to the earning potential of their spare rooms, resulting in ‘black holes’ across London where demand for accommodation far outstrips supply.”
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