London remains ‘Generation Rent’ hotspot as renting increasingly becomes a lifestyle choice
- 20th December 2018
- Renting Property News
Our most popular stories for tenants from the past year underscore the benefits of renting and opportunities available to ‘Generation Rent’
London has always been one of the hotspots for young professionals and new families to live and work in. Renters continue to flock to the city for a wide variety of reasons and 2018 has been no different.
As the powerhouse of the UK economy, London continues to offer a huge range of job opportunities for people from across the UK and the world. Renting in particular offers these individuals the flexibility needed to take advantage of new job offers and move to where their new role is based - wherever it may be in the capital. This is especially the case for those in 'Generation Rent' in their 20s and 30s who require flexibility when making career choices.
In addition, being home to several of the World's Top 100 universities, London continues to attract huge numbers of eager UK-based and international students looking to start undergraduate or post-graduate courses.
All of these people are benefiting as well from the continued development of London's 'always on' transport links making it easier to move around the capital - including the extension of the Night Overground service to Highbury & Islington and Canonbury stations and increasing capacity on the Piccadilly Line by as much as 60%.
Christmas always offers a time to reflect over the year and 2018 has seen more confirmation of all the reasons that people choose to live in London and choose to rent as well as the growing popularity, and recognition, of renting as a lifestyle choice.
One of our most read stories for renters this year supports this. It showed that mortgage providers are increasingly using rental payment data provided via a recognised ARLA Propertymark agent when looking at a mortgage application.
As a result, it makes sense for current tenants who are planning to purchase property in the long term to use a trusted estate agent like ludlowthompson. ARLA Propertymark Protected agents are regulated to demonstrate transparency and commitment to quality standards.
Stephen Ludlow, Chairman at ludlowthompson, comments: “2018 has shown more than ever, the flexibility and benefits that renting offers individuals.”
“With a strong employment market for individuals, whether starting or moving up their career path, London offers abundant job opportunities. This is a trend that continues to grow, despite any Brexit uncertainty. London remains an attractive employment hub for a vast array of sectors and businesses - and that means continuing strong demand for rental property."
Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
“Kerl and the team were absolutely amazing to deal with, he walked me and my husband through the rental process ensuring we understood step of the way. Would highly recommend to anyone looking to let in the Canada Water area.”
- Marilyn Crew on Google Reviews
“We all know how difficult it is to find a nice property managed by a professional agency, with a fair price and without tons of lies. Jesse Oteri changed my point of view completely. He was helpful, trustable and honest. He made what is normally a hard time easier, quicker and better. His service was even better than I expected from a real estate agent, I am delighted to have dealt with him and recommend him to everyone 100%.”
- Katioucha Dean on Google Reviews
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period we were ranked as the number 1 agent in the UK on allAgents.co.uk out of 15,000+ agents, with 5200+ 5* reviews, and we are also linked with Feefo - independent review company and global Google Partner - giving the customer another place to search for independent reviews of ludlowthompson and the individuals that work here.
2018 has showed that more than ever, the flexibility and benefits that renting offers individuals
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