Friday, 28 January 2011

propertytalk Live! - London tenants sacrifice spare room as rents climb

propertytalk Live! - London tenants sacrifice spare room as rents climb

Rising rents are forcing many London tenants to search for smaller properties, creating fierce competition for one-bedroom flats, reports property consultants Cluttons.

Where traditionally the majority of city workers have opted for a two-bedroom property, giving them a spare bedroom or a study, the firm has seen a sharp rise in demand for one-bedroom apartments as tenants try to keep rental costs down.

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