Excellent opportunity for Landlords - London rents 82% higher than rest of UK

June 29, 2012 - PRLog -- A research says claims that the average cost of renting a home in Greater London is now 82% more expensive than the rest of the UK – the highest difference seen. This is the time when most of the landlords in London are expecting to get maximum rent from their property.

The property indices May show that tenants are now paying an average of £1,187 a month to rent a home in the Capital as compared to an average of £653 per month being paid by those living in rented properties around the rest of the UK.

It is interesting to notice that the average UK rental amount, excluding Greater London, has decreased by 1% over the last three months. Whereas, Greater London has emerged as an opponent to this trend though after the region’s average rental price increased by 2.5% over the same period.

The ever-increasing cost of rental apartments in London are also causing more tenants to move into shared accommodation.

With the development of the Olympic village and proposed ongoing restoration of the surrounding area, there is even more scope to get handsome rent on property.

As less people can afford to buy property in London and the population of the city swells, letting is becoming increasingly common, but availability of rental property is in short supply. Therefore, the landlords have a reason to be happy as they can expect a sound rental income.

Website:  http://www.brlets.co.uk