Flats to Rent in London

London has a notorious reputation for being difficult to find quality properties to rent. This has recently been exasperated by the uncertainty that has surrounded the credit crunch.

When he credit crunch started rental prices surged leading many to believe that rental prices would hold strong throughout. Recent data however has suggested that prices of flats to rent in London is beginning to fall. The most expensive areas of the capital are being the worst hit. The prices of flats to rent in Kensington have seen drops of up to 20%.

This makes life difficult for those tenants who need to find somewhere to rent due to external circumstances as they could find themselves locked in at a higher rental price.

For those tenants who have the choice the best advice is to stick tight and wait to see what happens.

Landlords however are getting worried as their mortgages rise and their rental income looks likely to fall. This could see more properties up for sales as landlords struggle to make ends meet. This could cause their to be less rental property in the future meaning higher prices. However this would be offset by a rise in homeowners you would expect from a drop in house prices caused by a surge in supply.

All in all things look pretty turbulent, which is exciting for some and daunting for others. Then again finding a flat to rent in london has always been daunting!