London Property to Rent: Flatsharing 'is becoming more popular'

Shared ownership and flatsharing schemes are increasingly becoming more popular.
This is the view of Matt Hutchinson, director at SpareRoom, who pointed out that the number of adverts placed by individuals looking for accommodation has outstripped ads for rooms available - the first time this has happened since the site was launched in 1999.

"I also think there has been a shift in the market," he commented."We have had a spike in people taking in lodgers recently and that meant at the beginning of the year that there [were] an awful lot of rooms around and people could take their pick of rooms, but as a lot of those people have found lodgers, the rooms aren't available at the moment."

He noted that a spike in demand for property to rent in London has come at the same time as a "bottleneck in rooms", which is making the process of finding somewhere to live "very competitive".

Mr Hutchinson's comments follow research from LSL Property Servies showing that average rents have hit a record high for the third month in a row.

London Property to Rent