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London’s stock makes it …

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Renters working from home: London’s stock makes it tough for tenants

A survey of personal rental sectors in main European cities suggests London is without doubt one of the more durable places for tenants working from dwelling throughout the pandemic.

International rental platform Spotahome analysed information on the rental market throughout 14 main European cities which had the best proportion of stock with an area appropriate to do business from home.

The unhealthy information for London’s tenants is that the capital rank with the bottom degree of WFH rental properties. Spotahome claims simply 24 per cent of rental houses at the moment listed in the marketplace got here with an acceptable working area. Paris and Dublin additionally ranked poorly, with simply 29 per cent and 37 per cent of respective stock listed in the marketplace particularly offering an area to work.

Valencia in Spain at the moment ranks because the capital for WFH rental houses. An enormous 71 per cent of rental stock within the metropolis come with appropriate area to work, with Milan, Rome and Berlin with 60 per cent or extra.

In truth, Spain and Italy are arguably one of the best nations the place working from dwelling within the rental market is worried, with Madrid and Florence additionally rating excessive with 54 per cent of rental market stock listed with an appropriate space to work from.

The platform’s head of information and analytics Jorge Alonso says: “Working from house is definitely the brand new regular at current and whereas it stays unclear as as to whether this would be the case when normality returns, some type of distant working is more likely to stay.

 

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“However, doing so requires a correct area wherein to take action and the figures present that when it comes to appropriate rental stock, London is lagging behind different main European cities.

“This presents London landlords with a terrific alternative to face out from the group by presenting a property with a terrific workspace, significantly in a time the place tenant demand has fallen bringing rents with it.”