Why Short Term Lets are So Popular in London

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From a few weeks to a maximum of six months, short lets in London are proving to be a popular alternative to hotel accommodation across a varied range of scenarios including business, investment and leisure. With the help of specialised agencies, short-lets can be found almost instantly providing convenient, localised accommodation that is both flexible and affordable.

Business and Work

The City of London and Canary Wharf are London’s prime financial centres that continue to attract international investment and trading of commodities through the Stock Exchange. As a result, the city welcomes high numbers of business executives who are often conducting financial deals that can take several weeks to conclude. Many skilled workers who are employed on long-term contracts at new developments such as the Madison in Canary Wharf are also frequently in search of suitable accommodation. Renting property on a short-term lease rather than staying in a hotel provides a relaxing, comfortable atmosphere at the close of the day’s duties. Renting property also provides a more suitable environment for family members who might accompany them or visit for an extended break. Localised short-lets can be found in all areas of central and west London, reducing the inconvenience and time of travelling to work.

Relocation and Investment

Purchasing property in London is such an expensive investment that many potential homeowners prefer to rent on a short lease while they are researching the available properties in their chosen area to ensure they don’t make an error of judgement. By renting a home for just a few weeks they can soon evaluate the atmosphere and amenities of a less familiar district. Local authorities often use short let properties when relocating tenants in emergencies to help provide much-needed stability by keeping them within their local area. Many properties in all areas of central and west London have been purchased as rental investments increasing availability.

Holidays and Leisure

Short lets in London are extremely popular amongst families visiting the capital for a sight-seeing tour who want the independence of self-catering accommodation. Rented properties on a short lease are also of particular benefit to large, extended families who are gathering for a holiday combined with an event such as a wedding. Properties of all sizes are available for rent in the districts of Marylebone and Mayfair which are both within easy reach of the West End shows at the Queen’s Theatre and the Apollo. Some of the London attractions such as Madame Tussauds, the Sherlock Holmes Museum and Regent’s Park Zoo are all within easy reach of short lets in Maida Vale, Paddington and Bayswater. Pimlico is popular with tourists who want the informality of staying in rented property while enjoying the spectacular pageantry of Royal events such as Changing of the Guard at Buckingham Palace. Short lease properties in South Kensington are much sought after by music enthusiasts who enjoy the drama of the extended Last Night of the Proms at the Royal Albert Hall.

Convenience

Renting short term has many benefits for those who prefer to travel light as all the properties are fully furnished and come complete with crockery and bed linen. Utility bills including council tax and television licences are covered by the landlord, relieving the tenant, particularly one who likes to move frequently, of a great deal of paperwork. One of the main advantages of a short lease is obtaining a property that offers the convenience of a location near to work or holiday attractions. With dedicated agencies offering short lets in London, renting is convenient and trouble-free.