Rental demand in London remains high |
12 2007 |
| Young professionals in London are driving forward the demand for rental property in the city, it has been claimed. The National Landlords Association (NLA) has said that demand for rental property in the south-east and the capital in particular is strong because there are many people in the region who cannot afford the high house prices and are therefore happy to rent to enjoy the lifestyle on offer in London. "There is growth in the number of young professionals who are being churned out by universities. If you expand the number of universities and the number of students, you will have more and more people leaving to go and live in other towns and cities, and they will need accommodation," explained Simon Gordon, head of communications for the NLA. "In London, young professionals arrive and they cannot go to the public sector, so they have to go to the private rental sector," he added.  |
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