The best place to rent out in London?

London is an attractive city for various reasons. It attracts many people due to its historical heritage and business enterprises which attract both tourists and workers from worldwide destination.

London is an attractive city for various reasons. It attracts many people due to its historical heritage and business enterprises which attract both tourists and workers from worldwide destination. 85% of people that are living and working in London are known to be residing in flats in London. In recent time due to the current financial crisis the question has arisen of which is the best place to rent a flat in London?

There are various areas that one can choose to rent a flat in London depending on what they are after. If you are after value for money, you will be better of residing in a suburb area away from the city. Places such as Westminster, Paddington, and Harrods etc are known to have some of the highest priced flats in the world.

Some of the best places that you could rent a flat in London at the present time would be in the Stratford or Barking area. With the 2012 Olympics deal secured, those are the two areas that will see the largest development in the coming years. Both Stratford and Barking are located in the East End of London.

Flats for rent in London, especially in the Stratford and Barking area are expected to increase in value over time. With a large amount of investment being injected in those areas, mainly focusing towards surrounding developments, more flats and transportation links, they are seen as the most desired areas for renting in London.

From an investment point of view, you could purchase a flat and rent out the apartment. Not only will it cover the expense you have to pay on the mortgage, but the price value will increase for time which will guarantee you a handsome return in the near future.

With the current financial crisis having swept majority of the investment opportunities, providing a flat for rent in the Stratford and Barking area is one that expects to fight out the crisis. With the average flat having a minimum of two bedrooms with a well furnished kitchen and bathroom, it is definitely an ideal investment.

Both Stratford and Barking are situated amongst a major transport link with close by schools, parks, shopping centres and one of London's latest attractions, the 2012 Olympic stadium. It is currently under construction, however is expected to be completed well before the Olympic Games.