Boris Johnson launches London Rents Map

by Gary Whittaker

This article was brought to you by Rentman the premium rent management software.

Letting agents and landlords in London will soon be able to take advantage of a new online pricing guide.

The London Rents Map will provide information about actual rents charged in the capital, which is where it differs from many property websites, which traditionally only give data about asking prices.

London mayor Boris Johnson said the website, which he described as a "brilliant one-stop shop" for both landlords and tenants, is part of his efforts to support the private rented sector in the capital.

"We know that people looking to rent sometimes don't know where to go for the right information, so this new website is about supporting the market by making that information available," he added.

The website's launch data, which was provided by the Valuation Office Agency, shows that the cheapest place to rent in London is Dartford, where a two-bedroom home costs an average of £160 a week.

At the other end of the scale is South Kensington, with an average weekly rent of £625 for a two-bedroom home.

The FindaProperty.com Rental Index for December 2009 suggested that despite the high rents charged in Kensington it may not be a good location for landlords, as the gross average yield is just 3.96 per cent.

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22-December-09General Lettings News