Small Versus Large Rental Property
By |Published On: 12th December 2014|

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Small Versus Large Rental Property

By |Published On: 12th December 2014|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Small Versus Large Rental Property

Size not important say young Londoners

Young people living in London would prefer renting a small studio flat than a large property that is not in a good location.

Small Versus Large Rental Property

Small Versus Large Rental Property

Letting agency Knight Frank conducted a survey with 18-24 year olds, in which they were asked if they would be happy living in a microflat; “a small studio flat around 300 square foot in size, in a building with communal entertaining space.”1

45% of those asked in London said that they would consider this option.1

They also found that 32% of 25-34 year olds, and 37% of 35-44 year olds felt the same. Knight Frank found the national average to be 27%.1

Around 56% of 18-24 year olds claimed that renting suits their lifestyle choices. About 30% of 25-34 year olds in London agreed, alongside 27% of 35-44 year olds.1

Head of UK Residential Research at Knight Frank, Grainne Gilmore, says: “In terms of location versus affordability, a significantly higher proportion of Londoners, especially younger tenants, are prepared to live in smaller types of accommodation to ensure they are in a good location at an affordable price.

“The private rented sector is growing in London and across the UK. While this is undoubtedly linked to trends in house prices, the sector is also expanding amid a demand for a more flexible workforce in key urban areas.”1




About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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