Renting a place to live in London has become increasingly popular over the past 20 years. In fact, it’s estimated that nearly 60% of Londoners will be renting by 2025 as opposed to owning a home. As a result of this huge demand for apartments and houses, the market is incredible competitive, and you have to be firmly on the ball when looking for a new place to live.
In London the best time to start looking to move is the start of the year, as there are many apartments available to rent with less people moving in January / February. Generally, the most in-demand period for renting an apartment is the summer months. During this period, it is generally a bit more difficult to find a new home, simply because so many people are looking to rent at this time for multiple reasons:
If, however, you need to move within these summer months, I’d advise starting to look early – at least four weeks prior to your move-in date to be ahead of the game.
It is important to have a structured approach and understand your own requirements as it will save you a lot of time in the long run.
Here is a list of questions that you should probably consider before you start your search: