London Blog

Renting vs buying

By rentonomy on April 22, 2012

This analysis can get complicated very quickly so we’re going to keep it really simple. The best way to think of it is that you and a friend moved into flats in the same area a year ago. One of you bought with a repayment mortgage and the other one rented. In the beginning there…

Rents and compromises

By rentonomy on April 20, 2012

Location, location, location. How many times have you heard that? When buying a property this is undoubtedly the most important aspect to consider as the location of your property has the biggest impact on its value. When renting however, your property is not an investment so the location isn’t so critical. Where you live, the…

Coffee and rents

By rentonomy on April 19, 2012

London has one of the highest concentrations of the Seattle-based company – Starbucks – anywhere in the world. To give you an idea of exactly how many, there are about 120 Starbucks within 3 miles of the Bank of England in the heart of the City. The popularity of the coffee chain provides a great…

DIY landlords

By rentonomy on April 16, 2012

London is swamped with letting agents that promise to find you a tenant and manage your property taking away all the stress and hassle. But remember this will come at a cost. On average you will pay an agent 6 to 8 weeks’ rent for just finding the tenant. On top of that you may…

Rents in London

By rentonomy on April 15, 2012

Rents in London are some of the highest in the world. The are many reasons for this, but in essence it comes down to the massive pressure on land, the relative shortage of housing and the attractiveness of renting as a flexible tenure. Rents are highest in prime central London, the area around Hyde Park…

Getting about in London

By rentonomy on April 4, 2012

Getting from one side of London to the other by car can take hours. Getting the tube leaves you hot, sweaty and wishing you’d jumped in front of it rather than on it! But there are other ways to get about whether on foot, by scooter, bus, bike or boat. Here we look at the…

Top tenant tips

By rentonomy on April 3, 2012

Landlords come in all shapes and sizes; honest ones, not so honest ones, clever ones and forgetful ones. With so many different characters offering their properties to rent it’s easy to end up with the property and / or landlord from hell. Stick to our top tips and hopefully you won’t be out of pocket…

First-time renters

By rentonomy on March 29, 2012

This article looks at the growth of the private rented sector. Specifically it looks at the growth in the proportion of newly formed households that are renting rather than buying property. The chart above shows the tenure of new households over time. Most new households are created when young people leave home or university and…

1 bed or 2?

By rentonomy on March 24, 2012

You’re in your late twenties / early thirties, single and with a good job. You’d love your own place but you don’t yet have the huge deposit required to buy. You’ve done the whole house share thing and now want to leave the student style living accommodation behind – the lack of clean cutlery and…

Attitudes to renting: fact and fiction

By rentonomy on March 21, 2012

There are lots of myths about how people feel about renting. We’ve pulled some of the best bits from the 2010 British Social Attitudes Housing Module which asked people what they really think. The main advantage of renting rather than owning a home is the ability to move at short notice (26 per cent) and…