Planning to rent a flat in London – beware of soaring prices

With the housing industry becoming saturated due to fluctuating house and interest prices due to inflation, the more common approach taken is to rent a flat in London instead.

London is known as the capital of business in Europe. With over a thousand businesses operating all over the city along side a number of esteem and prestigious universities, London is gradually becoming the number one destination for both students and business professionals alike. With the housing industry becoming saturated due to fluctuating house and interest prices due to inflation, the more common approach taken is to rent a flat in London instead.

Looking for a cheap London flat for rent is not always easy, however not entirely impossible either. When it comes to looking for a flat in London there are a variety of options available. You must remember that when you decide to rent a flat in London that you will be planning to occupy that residence for quite a period of time depending on the purpose you need it for. Nowadays most flats that are available for rent in many areas in London including Harrow and Kilburn require a contract agreement of minimum six months. This is why we recommend taking a bit extra time in the "research" area of finding a flat to rent in London.

The first thing you must keep in mind is the purpose the flat will be used for. If you are a business man or a student, most likely you would want a flat that is in close proximity to your work area or university respectively. The only unfortunate aspect behind that theory is that most businesses and universities are located in the heart of London, areas which include Mile End, Westminster and so forth. Such areas are known to have some of the most expensive flats available in the world.

We would recommend trying to look for a flat to rent in London that is within close proximity to your business or university but which falls in to a more suburb area where prices are much cheaper. For example if you are a student studying at Queen Mary university, instead of opting to rent out a flat in the Mile End region for a high price, you could simply choose to rent out a flat in a more cheaper surrounding area such as Upton Park or Barking. The only aspect you must consider here is that transportation is near by and the time it would take to travel in and out to your desired destination. It is best to weigh out all your possible options before making a decision.