London rental platform, Rentd, recently analysed the current rental availability for short-term rents across the London market to reveal which boroughs have the highest level of short-term rental stock.
Although these stays last roughly six months or less, they remain high in demand. Those looking for somewhere to live for a limited time might be travelling from a different location or work abroad.
As the capital of England and one of the major cities, short-term rentals are popular among a vast number of tenants across London.
Rental demand results
With 11% of all available short-term rental properties, Westminster is crowned the capital’s short-let rental hotspot. Standing miles ahead of other boroughs, Westminster provides short-term tenants with the most choice of rental stock.
Tower Hamlets falls in second place with 8.3% of London’s short-term rental stock availability, followed by Hackney (7.7%), Camden (6.8%), and Kensington and Chelsea (6.8%).
On the opposite side of the spectrum, Havering, Sutton, and Bexley have the lowest levels of short-term rental availability. Each borough accounts for only 0.4% of the total short-term stock.
Founder and chief executive officer of Rentd, Ahmed Gamal, explains: “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.”
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